Raymond James 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 Raymond James from C$12.00 to C$11.50 in a report published on Thursday morning,BayStreet.CA reports.

Several other analysts have also recently weighed in on the stock. TD Securities raised 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. CIBC decreased their target price on shares of Doman Building Materials Group from C$12.00 to C$11.50 in a research report on Wednesday, January 15th. Stifel Nicolaus lifted their target price 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 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. Finally, Canaccord Genuity Group lifted their target price 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. Four analysts have rated the stock with a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat.com, the company has an average rating of “Buy” and an average target price of C$11.29.

Doman Building Materials Group Price Performance

Shares of TSE:DBM opened at C$8.07 on Thursday. The firm has a fifty day moving average price of C$8.80 and a two-hundred day moving average price of 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. Doman Building Materials Group has a one year low of C$6.32 and a one year high of C$9.96. The company has a market cap of C$704.43 million, a price-to-earnings ratio of 11.21 and a beta of 1.53.

Doman Building Materials Group (TSE:DBM) last announced its quarterly earnings results on Thursday, November 7th. The company reported C$0.18 EPS for the quarter, beating 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 prior year, the business posted $0.24 earnings per share. Analysts anticipate that Doman Building Materials Group will post 0.8051471 EPS for the current fiscal year.

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.