Doman Building Materials Group (TSE:DBM) Stock Price Expected to Rise, Raymond James Financial Analyst Says

Key Points

• Raymond James Financial has raised its price target for Doman Building Materials Group from C$10.00 to C$11.00, indicating a potential upside of 19.57% from the stock’s previous close.
• The stock is currently rated as a "strong-buy" by Raymond James, with a consensus target price of C$10.06 based on multiple analysts' ratings.
• Doman Building Materials Group shares have seen a 6.0% increase recently, trading at C$9.20, with a market capitalization of C$804.07 million.

Doman Building Materials Group (TSE:DBM - Free Report) had its target price increased by Raymond James Financial from C$10.00 to C$11.00 in a research report released on Thursday,BayStreet.CA reports. The firm currently has a strong-buy rating on the stock.

A number of other research analysts have also commented on the stock. Stifel Nicolaus raised 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. TD Securities lifted their price target on Doman Building Materials Group from C$9.50 to C$10.00 in a research report on Monday, May 12th. Cibc World Mkts downgraded Doman Building Materials Group from a "strong-buy" rating to a "hold" rating in a research note on Tuesday, April 22nd. Royal Bank Of Canada cut their price objective on Doman Building Materials Group from C$11.00 to C$10.00 and set an "outperform" rating for the company in a report on Tuesday, April 22nd. Finally, Canaccord Genuity Group lowered their target price on Doman Building Materials Group from C$11.00 to C$10.00 in a report on Monday, May 12th. Two equities research analysts have rated the stock with a hold rating, five have issued a buy rating and one has given a strong buy rating to the company's stock. According to data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and a consensus target price of C$10.19.

Doman Building Materials Group Stock Performance

Doman Building Materials Group stock traded up C$0.18 during midday trading on Thursday, reaching C$9.40. 298,664 shares of the stock traded hands, compared to its average volume of 188,190. Doman Building Materials Group has a fifty-two week low of C$6.30 and a fifty-two week high of C$9.96. The company has a current ratio of 2.94, a quick ratio of 1.11 and a debt-to-equity ratio of 112.91. The firm has a market cap of C$821.55 million, a price-to-earnings ratio of 14.53 and a beta of 1.53. The firm has a fifty day moving average price of C$8.68 and a two-hundred day moving average price of C$7.83.

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.