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Royal Bank of Canada Cuts Doman Building Materials Group (TSE:DBM) Price Target to C$9.00

Royal Bank of Canada Cuts Doman Building Materials Group (TSE:DBM) Price Target to C.00

Doman Building Materials Group (TSE:DBM – Get Free Report) had its price target reduced by analysts at Royal Bank of Canada from C$10.00 to C$9.00 in a research report issued on Thursday, BayStreet.CA reports. Royal Bank of Canada’s target price indicates a potential upside of 32.35% from the company’s current price.

A number of other equities analysts have also recently issued reports on the company. National Bankshares upped their target price on Doman Building Materials Group from C$10.00 to C$10.50 and gave the stock an “outperform” rating in a report on Monday, May 13th. CIBC decreased their target price on Doman Building Materials Group from C$10.00 to C$9.00 and set an “outperform” rating for the company in a research note on Tuesday, May 14th. Canaccord Genuity Group dropped their price objective on shares of Doman Building Materials Group from C$10.00 to C$9.00 and set a “buy” rating on the stock in a report on Tuesday, May 14th. Finally, Raymond James reduced their price target on shares of Doman Building Materials Group from C$10.75 to C$9.75 and set a “strong-buy” rating for the company in a research report on Monday, May 13th. Five analysts have rated the stock with a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, Doman Building Materials Group has a consensus rating of “Buy” and a consensus price target of C$9.71.

Check Out Our Latest Stock Report on DBM

Doman Building Materials Group Price Performance

Shares of TSE DBM opened at C$6.80 on Thursday. The company has a quick ratio of 1.11, a current ratio of 1.30 and a debt-to-equity ratio of 142.37. Doman Building Materials Group has a twelve month low of C$6.08 and a twelve month high of C$8.64. The business’s 50 day moving average price is C$7.14 and its two-hundred day moving average price is C$7.74. The company has a market cap of C$592.55 million, a PE ratio of 7.91 and a beta of 1.58.

Doman Building Materials Group (TSE:DBM – Get Free Report) last issued its quarterly earnings data on Thursday, May 9th. The company reported C$0.16 EPS for the quarter, meeting analysts’ consensus estimates of C$0.16. Doman Building Materials Group had a return on equity of 12.84% and a net margin of 3.03%. The firm had revenue of C$602.48 million for the quarter, compared to analyst estimates of C$665.05 million. On average, analysts predict that Doman Building Materials Group will post 0.744877 EPS for the current year.

Insiders Place Their Bets

In related news, Director Amar Doman acquired 73,500 shares of the company’s stock in a transaction dated Thursday, May 30th. The stock was purchased at an average price of C$7.13 per share, with a total value of C$524,415.15. In other news, Director Amar Doman purchased 73,500 shares of Doman Building Materials Group stock in a transaction that occurred on Thursday, May 30th. The shares were bought at an average cost of C$7.13 per share, with a total value of C$524,415.15. Also, Senior Officer James Salter Code bought 6,500 shares of the firm’s stock in a transaction on Monday, May 13th. The shares were acquired at an average cost of C$7.38 per share, with a total value of C$47,970.00. Over the last ninety days, insiders have acquired 150,000 shares of company stock valued at $1,078,857. 19.98% of the stock is currently owned by corporate insiders.

Doman Building Materials Group Company Profile

(Get Free Report)

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.

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

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