09:36:48 EDT Sun 28 Apr 2024
Enter Symbol
or Name
USA
CA



Doman Building Materials Group Ltd
Symbol DBM
Shares Issued 87,139,845
Close 2024-03-06 C$ 8.03
Market Cap C$ 699,732,955
Recent Sedar Documents

Globe says Stifel's Gillies keeps Doman at "buy"

2024-03-06 08:31 ET - In the News

The Globe and Mail reports in its Wednesday, March 6, edition that Stifel analyst Ian Gillies is holding on to his "buy" call for Doman Building Group. The Globe's David Leeder writes in the Eye On Equities column that Mr. Gillies bumped his share target ahead by $1.75 to $11. Analysts on average target the shares at $9.71. Mr. Gillies says in a note: "Doman has executed a bolt-on transaction of Southeast Forest Products, which will strategically improve their operations in the U.S. through the expansion of existing geographies in the South and Midwest. We estimate the transaction to be 9-per-cent accretive to our 2025 estimated EPS. Doman has done a good job post pandemic of structurally improving EBITDA margins and ROE, which should result in a higher trading multiple. We are increasing our target price due to higher estimates and modestly increased target multiples that better align with historical averages." The Globe reported on Aug. 9 that Mr. Gillies had upgraded Doman Building to "buy" from "hold." The shares could then be had for $7.94. The Globe reported on Dec. 20 that RBC analyst Paul Quinn had reaffirmed his "outperform" recommendation for Doman. The shares could then be had for $8.33.

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