CIBC Issues Pessimistic Forecast for Doman Building Materials Group (TSE:DBM) Stock Price

Doman Building Materials Group (TSE:DBM) had its price objective cut by equities researchers at CIBC from C$12.00 to C$11.50 in a research note issued to investors on Wednesday,BayStreet.CA reports. CIBC’s price target points to a potential upside of 41.10% from the stock’s current price.

DBM has been the subject of a number of other reports. Raymond James increased their price objective on Doman Building Materials Group from C$9.75 to C$11.50 and gave the company a “strong-buy” rating in a report on Wednesday, October 2nd. Stifel Nicolaus increased their price target on Doman Building Materials Group from C$11.00 to C$12.00 in a research note on Monday, November 25th. National Bankshares upped 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. Canaccord Genuity Group raised 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 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 equities research analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of “Buy” and a consensus price target of C$11.29.

Doman Building Materials Group Trading Down 2.2 %

DBM opened at C$8.15 on Wednesday. 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 fifty-two week low of C$6.32 and a fifty-two week high of C$9.96. The company’s 50 day moving average price is C$8.99 and its two-hundred day moving average price is C$8.04. The firm has a market capitalization of C$711.41 million, a price-to-earnings ratio of 11.32 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.