Raymond James Has Lowered Expectations for Doman Building Materials Group (TSE:DBM) Stock Price

Doman Building Materials Group (TSE:DBM) had its price target lowered by Raymond James from C$12.00 to C$11.50 in a research report released on Thursday,BayStreet.CA reports.

Several other equities analysts have also recently weighed in on DBM. Stifel Nicolaus raised their price target on shares of Doman Building Materials Group from C$11.00 to C$12.00 in a research note on Monday, November 25th. National Bankshares raised their target price on shares of Doman Building Materials Group from C$8.50 to C$12.00 and gave the company an “outperform” rating in a research report on Monday, October 7th. Canaccord Genuity Group increased their price objective on shares of Doman Building Materials Group from C$9.00 to C$11.00 and gave the stock a “buy” rating in a research note on Wednesday, October 2nd. CIBC lowered their target price on Doman Building Materials Group from C$12.00 to C$11.50 in a research report on Wednesday, January 15th. Finally, TD Securities increased their price target on Doman Building Materials Group from C$11.50 to C$12.00 in a research report on Tuesday, October 22nd. Four equities research analysts have rated the stock with a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, the company has an average rating of “Buy” and a consensus price target of C$11.29.

Doman Building Materials Group Trading Down 2.0 %

DBM opened at C$7.91 on Thursday. The firm’s fifty day simple moving average is C$8.74 and its 200 day simple moving average is C$8.14. The stock has a market capitalization of C$690.46 million, a P/E ratio of 10.99 and a beta of 1.53. The company has a current ratio of 3.78, a quick ratio of 1.11 and a debt-to-equity ratio of 132.33. Doman Building Materials Group has a 12 month low of C$6.32 and a 12 month high of C$9.96.

Doman Building Materials Group (TSE:DBM) last issued its quarterly earnings results on Thursday, November 7th. The company reported C$0.18 EPS for the quarter, beating analysts’ consensus estimates of C$0.14 by C$0.04. Doman Building Materials Group had a return on equity of 10.63% and a net margin of 2.56%. During the same period last year, the business earned $0.24 EPS. As a group, research analysts anticipate that Doman Building Materials Group will post 0.8051471 EPS for the current fiscal year.

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.