Doman Building Materials Group (TSE:DBM) Price Target Raised to C$11.00

Key Points

• TD Securities has raised its price target for Doman Building Materials Group from C$10.00 to C$11.00, indicating a potential upside of 17.02% from the current price.
• Multiple analysts have offered mixed ratings on the stock, with Canaccord Genuity lowering their target to C$10.00 and CIBC downgrading it from "outperform" to "neutral" with a target of C$7.50.
• Doman Building Materials Group's stock has a current trading price of C$9.40 and has recorded a twelve-month high of C$9.96 and a low of C$6.30.

Doman Building Materials Group (TSE:DBM - Free Report) had its price target increased by TD Securities from C$10.00 to C$11.00 in a research report released on Friday,BayStreet.CA reports. They currently have a buy rating on the stock.

A number of other equities analysts also recently commented on the stock. Canaccord Genuity Group reduced their price objective on shares of Doman Building Materials Group from C$11.00 to C$10.00 in a research note on Monday, May 12th. Stifel Nicolaus boosted their price objective on shares of Doman Building Materials Group from C$8.00 to C$9.00 in a research note on Monday, May 12th. Royal Bank Of Canada reduced their price objective on shares of Doman Building Materials Group from C$11.00 to C$10.00 and set an "outperform" rating for the company in a research note on Tuesday, April 22nd. Cibc World Mkts downgraded shares of Doman Building Materials Group from a "strong-buy" rating to a "hold" rating in a research note on Tuesday, April 22nd. Finally, CIBC lowered shares of Doman Building Materials Group from an "outperform" rating to a "neutral" rating and set a C$7.50 price target on the stock. in a report on Tuesday, April 22nd. Two research analysts have rated the stock with a hold rating, five have assigned a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, Doman Building Materials Group has a consensus rating of "Moderate Buy" and a consensus price target of C$10.19.

Doman Building Materials Group Stock Up 0.4%

TSE:DBM traded up C$0.04 during trading hours on Friday, reaching C$9.58. The company's stock had a trading volume of 24,484 shares, compared to its average volume of 187,937. The company has a market capitalization of C$837.29 million, a P/E ratio of 14.81 and a beta of 1.53. Doman Building Materials Group has a 12 month low of C$6.30 and a 12 month high of C$9.96. 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$8.72 and a two-hundred day moving average price of C$7.84.

Doman Building Materials Group Company Profile

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.