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

Doman Building Materials Group (TSE:DBM) had its price objective lowered by CIBC from C$12.00 to C$11.50 in a research note published on Wednesday morning,BayStreet.CA reports.

Several other analysts have also recently issued reports on the stock. Stifel Nicolaus boosted their price objective on shares of Doman Building Materials Group from C$11.00 to C$12.00 in a research note on Monday, November 25th. Raymond James boosted their price target on Doman Building Materials Group from C$9.75 to C$11.50 and gave the company a “strong-buy” rating in a research report on Wednesday, October 2nd. Canaccord Genuity Group raised their price objective on 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. TD Securities lifted their price objective on Doman Building Materials Group from C$11.50 to C$12.00 in a research note on Tuesday, October 22nd. Finally, National Bankshares raised their price target on shares of 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. Four analysts have rated the stock with a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of “Buy” and an average target price of C$11.29.

Doman Building Materials Group Price Performance

Doman Building Materials Group stock opened at C$8.33 on Wednesday. Doman Building Materials Group has a 1 year low of C$6.32 and a 1 year high of C$9.96. 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 50 day moving average price of C$8.99 and a 200 day moving average price of C$8.04. The company has a market cap of C$727.13 million, a price-to-earnings ratio of 11.57 and a beta of 1.53.

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.