Doman Building Materials Group (TSE:DBM) Price Target Lowered to C$10.50 at Stifel Nicolaus

Key Points

• Doman Building Materials Group's price target was lowered by Stifel Nicolaus from C$12.00 to C$10.50, indicating a potential upside of 21.67% from its previous close while maintaining a "buy" rating.
• TD Securities and Raymond James Financial have both raised their price objectives for the stock to C$11.00, with both firms issuing "buy" or "strong-buy" ratings.
• The company's shares traded down C$0.42 to C$8.63 on Tuesday, marking a market cap of C$756.26 million with a 12-month price range between C$6.30 and C$10.04.

Doman Building Materials Group (TSE:DBM - Get Free Report) had its price objective cut by Stifel Nicolaus from C$12.00 to C$10.50 in a research note issued on Tuesday,BayStreet.CA reports. The firm currently has a "buy" rating on the stock. Stifel Nicolaus' target price points to a potential upside of 21.67% from the company's previous close.

Several other research firms have also recently weighed in on DBM. TD Securities boosted their price objective on shares of Doman Building Materials Group from C$10.00 to C$11.00 and gave the company a "buy" rating in a report on Friday, August 8th. Raymond James Financial increased their price objective on shares of Doman Building Materials Group from C$10.00 to C$11.00 and gave the company a "strong-buy" rating in a research report on Thursday, August 7th. One analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating and two have issued a Hold rating to the company's stock. According to MarketBeat, Doman Building Materials Group has a consensus rating of "Moderate Buy" and an average target price of C$10.00.

Doman Building Materials Group Stock Performance

Shares of DBM traded down C$0.42 during mid-day trading on Tuesday, hitting C$8.63. 221,336 shares of the company traded hands, compared to its average volume of 175,481. The company has a debt-to-equity ratio of 112.91, a quick ratio of 1.11 and a current ratio of 2.94. The stock has a 50-day moving average price of C$9.46 and a two-hundred day moving average price of C$8.46. Doman Building Materials Group has a 1 year low of C$6.30 and a 1 year high of C$10.04. The stock has a market cap of C$756.26 million, a price-to-earnings ratio of 10.15 and a beta of 1.32.

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.

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