CIBC lowers Doman Building Materials Group (TSE:DBM) target price to C$6.25

Doman Building Materials Group (TSE:DBM – Get Assessment) had its price target reduced by CIBC equity analysts from C$7.50 to C$6.25 in a research note released Tuesday, BayStreet.CA reports. CIBC’s price target indicates a potential upside of 3.82% from the stock’s previous close.

DBM has been the subject of several other reports. National Bankshares cut its price target on Doman Building Materials Group shares from C$11.00 to C$7.00 and set an “outperform” rating for the company in a report released Monday, August 8. Raymond James downgraded shares of Doman Building Materials Group from an ‘outperform’ rating to a ‘market performer’ rating and cut his target price for the company from C$9.50 to C$7.50 in a research note from Tuesday, August 2. Stifel Nicolaus upgraded shares of Doman Building Materials Group from a buy rating to a hold rating and reduced his target price for the company from C$9.00 to C$7.00 in a rating. search for Monday, June 6. Finally, Royal Bank of Canada downgraded the shares of Doman Building Materials Group from an “outperform” rating to a “sustainable” rating and reduced its price target for the stock from C$10.00 to CA$7.00 in a Monday July 18 research note. Four equity research analysts gave the stock a hold rating and one gave the company a buy rating. According to MarketBeat, the stock has a consensus quote of “Hold” and a consensus target price of C$7.11.

Doman Building Materials Group inventory up 2.0%

Shares of DBM rose C$0.12 during Tuesday’s trading, hitting C$6.02. 107,744 shares of the company were traded, against an average volume of 241,759. The company has a debt ratio of 158.82, a quick ratio of 1.41 and a current ratio of 3.23. The company has a market cap of C$523.66 million and a price-to-earnings ratio of 6.69. The company’s 50-day simple moving average is C$6.19 and its 200-day simple moving average is C$6.72. Doman Building Materials Group has a 12-month low of C$5.74 and a 12-month high of C$8.82.

Doman Building Materials Group (TSE:DBM – Get Rating) last released its quarterly results on Thursday, August 4. The company reported EPS of C$0.24 for the quarter, missing the consensus estimate of C$0.40 by C$0.16. The company posted revenue of C$870.72 million for the quarter, compared to analyst estimates of C$866.20 million. As a group, analysts expect Doman Building Materials Group to post EPS of 0.5799999 for the current fiscal year.

Insider buying and selling

Separately, director Amar Doman bought 36,000 shares of the company in a deal that took place on Thursday, September 1. The shares were acquired at an average price of CA$5.90 per share, with a total value of CA$212,400.00. Following completion of the transaction, the administrator now owns 53,535 shares of the company, valued at approximately C$315,856.50.

About Doman Building Materials Group

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Doman Building Materials Group Ltd. distributes building materials and related products in Canada, the United States and Hawaii. It distributes a range of building materials, wood, renovation and electrical products. The company owns approximately 117,000 acres of private woodlots, as well as licenses and strategic tenures.

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Analyst Recommendations for Doman Building Materials Group (TSE:DBM)

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