CIBC Cuts Doman Building Materials Group (TSE:DBM) Price Target to C$9.50

Doman Building Materials Group (TSE:DBM) had its price target reduced by CIBC from C$11.50 to C$9.50 in a research note issued on Tuesday,BayStreet.CA reports. The brokerage currently has an “outperform” rating on the stock. CIBC’s price target suggests a potential upside of 37.68% from the company’s previous close.

Several other equities research analysts also recently issued reports on the stock. Stifel Nicolaus increased their price objective on shares of Doman Building Materials Group from C$11.00 to C$12.00 in a research report on Monday, November 25th. Raymond James reduced their price target on Doman Building Materials Group from C$12.00 to C$11.50 in a research report on Thursday, January 30th. Four analysts have rated the stock with a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Buy” and an average price target of C$11.00.

Doman Building Materials Group Trading Down 1.1 %

Shares of TSE DBM traded down C$0.08 during mid-day trading on Tuesday, hitting C$6.90. The company’s stock had a trading volume of 284,307 shares, compared to its average volume of 196,416. The company has a debt-to-equity ratio of 112.91, a current ratio of 2.94 and a quick ratio of 1.11. The company’s fifty day simple moving average is C$8.00 and its 200-day simple moving average is C$8.25. Doman Building Materials Group has a one year low of C$6.32 and a one year high of C$9.96. The stock has a market cap of C$603.06 million, a price-to-earnings ratio of 10.66 and a beta of 1.53.

Doman Building Materials Group Company Profile

Doman Building Materials Group Ltd is a wholesale distributor of building materials and home renovation products. The company services the new home construction, home renovation and industrial markets by supplying the retail and wholesale lumber and building materials industry, hardware stores, industrial and furniture manufacturers and similar concerns.