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

Doman Building Materials Group (TSE:DBM) had its target price decreased by equities research analysts at CIBC from C$12.00 to C$11.50 in a report released on Wednesday,BayStreet.CA reports. CIBC’s price target would indicate a potential upside of 40.59% from the stock’s current price.

Other research analysts have also issued reports about the company. Raymond James lifted their price objective on Doman Building Materials Group from C$9.75 to C$11.50 and gave the stock a “strong-buy” rating in a research report on Wednesday, October 2nd. National Bankshares raised their price objective on shares of Doman Building Materials Group from C$8.50 to C$12.00 and gave the stock an “outperform” rating in a research report on Monday, October 7th. Stifel Nicolaus increased their target price on shares of Doman Building Materials Group from C$11.00 to C$12.00 in a research note on Monday, November 25th. Canaccord Genuity Group lifted their price target on shares of Doman Building Materials Group from C$9.00 to C$11.00 and gave the company a “buy” rating in a research note on Wednesday, October 2nd. Finally, TD Securities increased their price objective on shares of Doman Building Materials Group from C$11.50 to C$12.00 in a research report on Tuesday, October 22nd. Four research 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 an average price target of C$11.29.

Doman Building Materials Group Trading Up 1.5 %

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

About Doman Building Materials Group

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.