CIBC Lowers Doman Building Materials Group (TSE:DBM) Price Target to C$9.00

Doman Building Materials Group (TSE:DBMGet Rating) had its target price dropped by stock analysts at CIBC from C$10.00 to C$9.00 in a research report issued to clients and investors on Thursday, BayStreet.CA reports. The brokerage presently has an “outperform” rating on the stock. CIBC’s price target indicates a potential upside of 18.11% from the company’s previous close.

Other equities research analysts have also recently issued research reports about the company. National Bankshares lowered their price target on Doman Building Materials Group from C$12.00 to C$11.00 and set an “outperform” rating for the company in a research note on Tuesday, March 8th. Canaccord Genuity Group boosted their price target on Doman Building Materials Group from C$7.00 to C$8.00 in a research note on Monday, March 7th. Stifel Nicolaus started coverage on Doman Building Materials Group in a report on Thursday, February 10th. They issued a “buy” rating and a C$10.00 target price for the company. Finally, Raymond James set a C$10.50 target price on Doman Building Materials Group and gave the stock an “outperform” rating in a report on Monday, March 7th. Seven research analysts have rated the stock with a buy rating, According to MarketBeat.com, the stock presently has an average rating of “Buy” and a consensus price target of C$10.00.

Doman Building Materials Group stock traded down C$0.21 during midday trading on Thursday, hitting C$7.62. The company’s stock had a trading volume of 146,139 shares, compared to its average volume of 272,096. The company has a quick ratio of 1.00, a current ratio of 2.92 and a debt-to-equity ratio of 166.29. The stock’s 50-day moving average price is C$8.00 and its 200-day moving average price is C$7.61. Doman Building Materials Group has a 12 month low of C$6.13 and a 12 month high of C$9.94. The company has a market capitalization of C$660.61 million and a PE ratio of 6.02.

Doman Building Materials Group (TSE:DBMGet Rating) last released its earnings results on Thursday, March 3rd. The company reported C$0.13 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of C$0.14 by C($0.01). The business had revenue of C$641.64 million during the quarter, compared to the consensus estimate of C$618.37 million. As a group, equities analysts anticipate that Doman Building Materials Group will post 0.79 EPS for the current year.

Doman Building Materials Group Company Profile (Get Rating)

Doman Building Materials Group Ltd. distributes building materials and related products in Canada, the United States, and Hawai. It distributes a range of building materials, lumber, renovation, and electrical products. The company owns approximately 117,000 acres of private timberlands, and strategic licenses and tenures.

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