Raymond James Cuts Doman Building Materials Group (TSE:DBM) Price Target to C$11.50

Doman Building Materials Group (TSE:DBM) had its price objective lowered by investment analysts at Raymond James from C$12.00 to C$11.50 in a report issued on Thursday,BayStreet.CA reports. Raymond James’ target price suggests a potential upside of 42.33% from the company’s previous close.

Several other research firms have also issued reports on DBM. Canaccord Genuity Group increased their price objective on shares of Doman Building Materials Group from C$9.00 to C$11.00 and gave the stock a “buy” rating in a research report on Wednesday, October 2nd. Stifel Nicolaus upped their target price on Doman Building Materials Group from C$11.00 to C$12.00 in a research report on Monday, November 25th. CIBC dropped their target price on Doman Building Materials Group from C$12.00 to C$11.50 in a report on Wednesday, January 15th. National Bankshares upped their price target on Doman Building Materials Group from C$8.50 to C$12.00 and gave the stock an “outperform” rating in a report on Monday, October 7th. Finally, TD Securities lifted their price objective on shares of Doman Building Materials Group from C$11.50 to C$12.00 in a research note on Tuesday, October 22nd. Four investment analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, the company currently has an average rating of “Buy” and a consensus target price of C$11.29.

Doman Building Materials Group Trading Up 0.1 %

DBM stock traded up C$0.01 during midday trading on Thursday, hitting C$8.08. The stock had a trading volume of 27,225 shares, compared to its average volume of 153,357. Doman Building Materials Group has a 12-month low of C$6.32 and a 12-month high of C$9.96. The company’s 50-day moving average price is C$8.80 and its 200 day moving average price is C$8.13. The company has a debt-to-equity ratio of 132.33, a current ratio of 3.78 and a quick ratio of 1.11. The firm has a market cap of C$705.30 million, a PE ratio of 11.22 and a beta of 1.53.

Doman Building Materials Group (TSE:DBM) last released its earnings results on Thursday, November 7th. The company reported C$0.18 earnings per share (EPS) for the quarter, topping the consensus estimate of C$0.14 by C$0.04. Doman Building Materials Group had a net margin of 2.56% and a return on equity of 10.63%. During the same period in the previous year, the firm earned $0.24 EPS. On average, equities research analysts predict that Doman Building Materials Group will post 0.8051471 earnings per share for the current fiscal year.

About Doman Building Materials Group

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.