Doman Building Materials Group (TSE:DBM) Price Target Cut to C$11.50 by Analysts at CIBC

Doman Building Materials Group (TSE:DBM) had its price target reduced by CIBC from C$12.00 to C$11.50 in a research note issued to investors on Wednesday,BayStreet.CA reports. CIBC’s price objective suggests a potential upside of 40.59% from the company’s previous close.

DBM has been the topic of several other research reports. Stifel Nicolaus boosted their price target on shares of Doman Building Materials Group from C$11.00 to C$12.00 in a research report on Monday, November 25th. National Bankshares lifted their target price on Doman Building Materials Group from C$8.50 to C$12.00 and gave the company an “outperform” rating in a report on Monday, October 7th. Raymond James increased their target price on shares of Doman Building Materials Group from C$9.75 to C$11.50 and gave the stock a “strong-buy” rating in a research note on Wednesday, October 2nd. Canaccord Genuity Group upped their price target on shares of Doman Building Materials Group from C$9.00 to C$11.00 and gave the stock a “buy” rating in a report on Wednesday, October 2nd. Finally, TD Securities upped their target price on Doman Building Materials Group from C$11.50 to C$12.00 in a research note on Tuesday, October 22nd. Four equities research analysts have rated the stock with a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat.com, the company has a consensus rating of “Buy” and an average target price of C$11.29.

Doman Building Materials Group Stock Performance

Shares of DBM stock traded up C$0.12 on Wednesday, hitting C$8.18. 150,662 shares of the stock were exchanged, compared to its average volume of 179,973. The firm’s 50 day moving average is C$8.99 and its two-hundred day moving average is C$8.03. Doman Building Materials Group has a one year low of C$6.32 and a one year high of C$9.96. The firm has a market capitalization of C$714.03 million, a PE ratio of 11.36 and a beta of 1.53. The company has a current ratio of 3.78, a quick ratio of 1.11 and a debt-to-equity ratio of 132.33.

Doman Building Materials Group Company Profile

Doman Building Materials Group Ltd., through its subsidiaries, engages in the wholesale distribution of building materials and home renovation products in the United States and Canada. The company offers treated wood; siding and trim; decking and aluminum railing; engineered wood products; roofing products; insulation and wrap products; and lumber and plywood products.