Doman Building Materials Group (TSE:DBM) PT Raised to C$9.00 at CIBC

Doman Building Materials Group (TSE:DBM) had its target price upped by analysts at CIBC from C$8.50 to C$9.00 in a research report issued on Wednesday, BayStreet.CA reports. The brokerage currently has an “outperform” rating on the stock. CIBC’s price target would suggest a potential upside of 5.76% from the company’s current price.

Several other analysts have also issued reports on DBM. National Bankshares dropped their price target on shares of Doman Building Materials Group from C$10.50 to C$8.50 and set an “outperform” rating on the stock in a research note on Tuesday, August 13th. Royal Bank of Canada dropped their price objective on Doman Building Materials Group from C$10.00 to C$9.00 in a research note on Thursday, July 11th. Five investment analysts have rated the stock with a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, the stock currently has a consensus rating of “Buy” and an average target price of C$9.71.

Doman Building Materials Group Stock Up 8.5 %

TSE:DBM traded up C$0.67 during trading hours on Wednesday, hitting C$8.51. 1,065,280 shares of the company traded hands, compared to its average volume of 190,708. Doman Building Materials Group has a one year low of C$6.32 and a one year high of C$8.64. The company has a quick ratio of 1.11, a current ratio of 3.78 and a debt-to-equity ratio of 132.33. The company has a market cap of C$742.84 million, a PE ratio of 11.82 and a beta of 1.52. The firm’s 50-day simple moving average is C$7.14 and its 200-day simple moving average is C$7.37.

Doman Building Materials Group (TSE:DBM) last issued its quarterly earnings results on Friday, August 9th. The company reported C$0.20 EPS for the quarter, missing analysts’ consensus estimates of C$0.22 by C($0.02). Doman Building Materials Group had a net margin of 2.56% and a return on equity of 10.63%. The business had revenue of C$689.83 million for the quarter, compared to analysts’ expectations of C$742.90 million. Equities analysts predict that Doman Building Materials Group will post 0.7751004 earnings per share for the current year.

About Doman Building Materials Group

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.