Doman Building Materials Group (TSE:DBM) PT Raised to C$9.75

Doman Building Materials Group (TSE:DBMGet Free Report) had its price target upped by equities researchers at Raymond James from C$9.25 to C$9.75 in a report issued on Tuesday, BayStreet.CA reports. The brokerage currently has a “strong-buy” rating on the stock. Raymond James’ price objective would suggest a potential upside of 25.81% from the stock’s current price.

Other analysts have also issued reports about the stock. CIBC upped their price target on shares of Doman Building Materials Group from C$9.00 to C$10.00 and gave the stock an “outperform” rating in a research note on Friday, January 12th. Stifel Nicolaus reduced their price target on shares of Doman Building Materials Group from C$9.75 to C$9.25 and set a “buy” rating for the company in a research note on Tuesday, October 24th. Finally, Royal Bank of Canada upped their price target on shares of Doman Building Materials Group from C$9.00 to C$10.00 and gave the stock an “outperform” rating in a research note on Tuesday, December 19th. Four research analysts have rated the stock with a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, Doman Building Materials Group presently has an average rating of “Buy” and a consensus target price of C$8.92.

View Our Latest Report on Doman Building Materials Group

Doman Building Materials Group Stock Performance

DBM stock opened at C$7.75 on Tuesday. The company has a 50-day simple moving average of C$7.94 and a 200 day simple moving average of C$7.44. The company has a market capitalization of C$674.48 million, a P/E ratio of 9.69 and a beta of 1.52. The company has a quick ratio of 1.11, a current ratio of 2.76 and a debt-to-equity ratio of 104.36. Doman Building Materials Group has a fifty-two week low of C$5.96 and a fifty-two week high of C$8.46.

Insider Buying and Selling at Doman Building Materials Group

In related news, Director Amar Doman bought 19,900 shares of Doman Building Materials Group stock in a transaction dated Tuesday, November 21st. The stock was acquired at an average cost of C$6.49 per share, with a total value of C$129,151.00. 20.15% of the stock is owned by corporate insiders.

About Doman Building Materials Group

(Get Free Report)

Doman Building Materials Group Ltd., through its subsidiaries, engages in the wholesale distribution of building materials and home renovation products for new home construction, home renovation, and industrial markets primarily in the United States and Canada. It distributes a range of building materials, lumber, and renovation products.

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

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