CIBC Issues Pessimistic Forecast for Doman Building Materials Group (TSE:DBM) Stock Price

Doman Building Materials Group (TSE:DBM) had its price objective lowered by investment analysts at CIBC from C$11.50 to C$9.50 in a research report issued on Tuesday,BayStreet.CA reports. The brokerage currently has an “outperform” rating on the stock. CIBC’s price target suggests a potential upside of 37.68% from the company’s previous close.

Several other brokerages also recently weighed in on DBM. Raymond James decreased their target price on Doman Building Materials Group from C$12.00 to C$11.50 in a research report on Thursday, January 30th. Stifel Nicolaus upped their target price on shares of Doman Building Materials Group from C$11.00 to C$12.00 in a research note on Monday, November 25th. Four equities research analysts have rated the stock with a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat, Doman Building Materials Group has an average rating of “Buy” and an average price target of C$11.00.

Doman Building Materials Group Trading Down 1.1 %

TSE DBM traded down C$0.08 during mid-day trading on Tuesday, reaching C$6.90. 284,307 shares of the stock were exchanged, compared to its average volume of 196,416. The business’s fifty day simple moving average is C$8.00 and its 200 day simple moving average is C$8.25. 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 market capitalization of C$603.06 million, a PE ratio of 10.66 and a beta of 1.53. Doman Building Materials Group has a 1-year low of C$6.32 and a 1-year high of C$9.96.

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.