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

Posted by Editorial Team on Mar 6th, 2025

Doman Building Materials Group (TSE:DBM – Get Free Report) had its price objective reduced by investment analysts at CIBC from C$11.50 to C$9.50 in a research report issued to clients and investors on Tuesday,BayStreet.CA reports. The firm presently has an “outperform” rating on the stock. CIBC’s price objective suggests a potential upside of 35.71% from the company’s previous close.

A number of other research analysts have also issued reports on DBM. Stifel Nicolaus raised their price objective on shares of Doman Building Materials Group from C$11.00 to C$12.00 in a report on Monday, November 25th. Raymond James dropped their price objective on Doman Building Materials Group from C$12.00 to C$11.50 in a research note on Thursday, January 30th. Four research analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat, the company has an average rating of “Buy” and an average target price of C$11.00.

Get Our Latest Report on Doman Building Materials Group

Doman Building Materials Group Trading Up 0.3 %

Shares of Doman Building Materials Group stock opened at C$7.00 on Tuesday. Doman Building Materials Group has a 1 year low of C$6.32 and a 1 year high of C$9.96. The company has a current ratio of 2.94, a quick ratio of 1.11 and a debt-to-equity ratio of 112.91. The firm has a market capitalization of C$611.80 million, a PE ratio of 10.82 and a beta of 1.53. The firm’s 50 day moving average is C$7.93 and its 200 day moving average is C$8.25.

Insider Buying and Selling at Doman Building Materials Group

In related news, Director Marc Seguin purchased 10,000 shares of the business’s stock in a transaction on Tuesday, March 4th. The stock was acquired at an average price of C$6.93 per share, for a total transaction of C$69,300.00. Insiders own 20.04% of the company’s stock.

Doman Building Materials Group Company Profile

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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.