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

Doman Building Materials Group (TSE:DBM) had its target price raised by stock analysts at CIBC from C$8.50 to C$9.00 in a report released on Wednesday, BayStreet.CA reports. The firm currently has an “outperform” rating on the stock. CIBC’s price target would indicate a potential upside of 1.93% from the stock’s current price.

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

Doman Building Materials Group Trading Up 1.3 %

Shares of TSE:DBM opened at C$8.83 on Wednesday. The company has a debt-to-equity ratio of 132.33, a quick ratio of 1.11 and a current ratio of 3.78. The stock’s 50-day moving average is C$7.21 and its 200-day moving average is C$7.38. The company has a market cap of C$770.77 million, a P/E ratio of 12.26 and a beta of 1.52. Doman Building Materials Group has a 52-week low of C$6.32 and a 52-week high of C$8.83.

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