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

Doman Building Materials Group (TSE:DBM) had its price target cut by Raymond James from C$12.00 to C$11.50 in a research note published on Tuesday,BayStreet.CA reports.

DBM has been the subject of a number of other research reports. National Bankshares upped their price target on Doman Building Materials Group from C$8.50 to C$12.00 and gave the stock an “outperform” rating in a report on Monday, October 7th. Canaccord Genuity Group upped their target price 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. Stifel Nicolaus raised their price target on shares of Doman Building Materials Group from C$11.00 to C$12.00 in a report on Monday, November 25th. CIBC cut their price objective on shares of Doman Building Materials Group from C$12.00 to C$11.50 in a report on Wednesday, January 15th. 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 report on Tuesday, October 22nd. Four investment analysts have rated the stock with a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, Doman Building Materials Group currently 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 opened at C$8.19 on Tuesday. The company’s fifty day simple moving average is C$8.96 and its 200-day simple moving average is C$8.07. 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 has a 52 week low of C$6.32 and a 52 week high of C$9.96. The company has a market cap of C$714.91 million, a PE ratio of 11.38 and a beta of 1.53.

Doman Building Materials Group (TSE:DBM) last released its quarterly earnings data 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 return on equity of 10.63% and a net margin of 2.56%. During the same period last year, the firm earned $0.24 EPS. As a group, equities research analysts anticipate that Doman Building Materials Group will post 0.8051471 EPS for the current year.

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.