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 dropped by equities research analysts at Raymond James from C$12.00 to C$11.50 in a research report issued on Thursday,BayStreet.CA reports. Raymond James’ price objective suggests a potential upside of 45.39% from the company’s previous close.

Several other brokerages have also issued reports on DBM. 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. National Bankshares raised 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 research note on Monday, October 7th. TD Securities upped their price target on Doman Building Materials Group from C$11.50 to C$12.00 in a research note on Tuesday, October 22nd. Canaccord Genuity Group raised their price objective on 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, CIBC lowered their target price on Doman Building Materials Group from C$12.00 to C$11.50 in a research report on Wednesday, January 15th. Four analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Buy” and a consensus target price of C$11.29.

Doman Building Materials Group Stock Performance

DBM stock opened at C$7.91 on Thursday. The firm has a market cap of C$690.46 million, a PE ratio of 10.99 and a beta of 1.53. The company has a current ratio of 3.78, a quick ratio of 1.11 and a debt-to-equity ratio of 132.33. The stock has a 50-day moving average price of C$8.74 and a 200-day moving average price of C$8.13. Doman Building Materials Group has a 1-year low of C$6.32 and a 1-year high of C$9.96.

Doman Building Materials Group (TSE:DBM) last issued its earnings results on Thursday, November 7th. The company reported C$0.18 earnings per share for the quarter, topping analysts’ consensus estimates 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 in the prior year, the company earned $0.24 earnings per share. As a group, equities research analysts expect that Doman Building Materials Group will post 0.8051471 earnings per share for the current year.

About Doman Building Materials Group

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.