Raymond James Financial Downgrades Doman Building Materials Group (TSE:DBM) to Outperform

Doman Building Materials Group (TSE:DBM) was downgraded by stock analysts at Raymond James Financial from a “strong-buy” rating to an “outperform” rating in a report issued on Monday,BayStreet.CA reports. They currently have a C$12.00 price objective on the stock. Raymond James Financial’s target price would indicate a potential upside of 4.62% from the stock’s previous close.

Other equities analysts have also issued reports about the company. National Bank Financial increased their price objective on Doman Building Materials Group from C$13.50 to C$14.00 and gave the company an “outperform” rating in a research report on Wednesday, July 22nd. Royal Bank Of Canada upped their target price on Doman Building Materials Group from C$11.00 to C$12.00 and gave the stock an “outperform” rating in a research note on Thursday, April 16th. Desjardins increased their price target on shares of Doman Building Materials Group from C$12.00 to C$12.50 and gave the company a “buy” rating in a research report on Tuesday, May 12th. Finally, Stifel Nicolaus lifted their price target on shares of Doman Building Materials Group from C$12.00 to C$12.25 and gave the stock a “buy” rating in a research note on Tuesday, May 12th. Six research analysts have rated the stock with a Buy rating, Based on data from MarketBeat, the stock has a consensus rating of “Buy” and a consensus price target of C$12.29.

Doman Building Materials Group Price Performance

Shares of Doman Building Materials Group stock traded down C$0.13 on Monday, hitting C$11.47. 88,992 shares of the company traded hands, compared to its average volume of 123,472. Doman Building Materials Group has a 12-month low of C$8.34 and a 12-month high of C$11.99. The company has a current ratio of 3.94, a quick ratio of 1.11 and a debt-to-equity ratio of 175.88. The company has a market cap of C$1.01 billion, a P/E ratio of 12.47 and a beta of 1.51. The firm’s 50-day simple moving average is C$11.04 and its 200 day simple moving average is C$10.35.

Doman Building Materials Group (TSE:DBM) last released its earnings results on Friday, May 8th. The company reported C$0.27 EPS for the quarter. Doman Building Materials Group had a return on equity of 12.52% and a net margin of 2.61%.The business had revenue of C$761.97 million for the quarter. Analysts expect that Doman Building Materials Group will post 0.8051471 earnings per share for the current fiscal year.

Insider Buying and Selling at Doman Building Materials Group

In related news, insider Darren John Alexander Gwozd acquired 5,200 shares of the company’s stock in a transaction dated Thursday, May 14th. The stock was purchased at an average price of C$10.35 per share, with a total value of C$53,820.00. Following the completion of the purchase, the insider owned 5,200 shares in the company, valued at C$53,820. This trade represents a ∞ increase in their position. Company insiders own 20.04% of the company’s stock.

About Doman Building Materials Group

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. Its operations also include timber ownership and management of private timberlands and forest licenses, and agricultural post-peeling and pressure treating through CanWel Fibre Corp.