19:26:51 EDT Thu 09 May 2024
Enter Symbol
or Name
USA
CA



Doman Building Materials Group Ltd
Symbol DBM
Shares Issued 87,024,989
Close 2023-09-26 C$ 7.35
Market Cap C$ 639,633,669
Recent Sedar Documents

Globe says Doman Building boosted to "strong buy"

2023-09-26 08:12 ET - In the News

The Globe and Mail reports in its Tuesday, Sept. 26, edition that Raymond James analyst Daryl Swetlishoff has boosted his recommendation for Doman Building Materials Group to "strong buy" from "outperform." The Globe's David Leeder writes in the Eye On Equities column that Mr. Swetlishoff hiked his share target ahead by 50 cents to $9.25. Analysts on average target the shares at $8.92. Mr. Swetlishoff says he issued his rating upgrade "on the back of our improved gross margin outlook, continued 'lean and mean' working capital execution (supportive of additional net debt reductions), along with attractive and stable shareholder returns associated with the dividend (7.6-per-cent current yield)." The Globe reported on July 25 that Mr. Swetlishoff had upgraded his recommendation for Doman Building to "outperform" from "market perform." In the item he said, "We recommend investors buy on potential dips as we expect stocks to move higher as the earnings recovery accelerates." The shares could the be had for $6.89. The Globe reported on Aug. 9 that Stifel analyst Ian Gillies had upgraded Doman Building to "buy" from "hold." The shares could then be had for $7.94.

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