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

Doman Building Materials Group (TSE:DBM) had its target price cut by stock analysts at Raymond James from C$12.00 to C$11.50 in a report released on Tuesday,BayStreet.CA reports. Raymond James’ price target would suggest a potential upside of 41.10% from the stock’s previous close.

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

Doman Building Materials Group Stock Performance

Doman Building Materials Group stock traded down C$0.05 during midday trading on Tuesday, reaching C$8.15. The stock had a trading volume of 63,661 shares, compared to its average volume of 178,956. The company has a quick ratio of 1.11, a current ratio of 3.78 and a debt-to-equity ratio of 132.33. The firm has a market capitalization of C$711.41 million, a PE ratio of 11.32 and a beta of 1.53. Doman Building Materials Group has a 12 month low of C$6.32 and a 12 month high of C$9.96. The firm’s 50-day moving average price is C$8.96 and its 200 day moving average price is C$8.07.

Doman Building Materials Group Company Profile

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.