Doman Building Materials Group (OTCMKTS:CWXZF) Price Target Raised to C$7.25

Doman Building Materials Group (OTCMKTS:CWXZF – Get Rating) had its price objective increased by CIBC from C$6.25 to C$7.25 in a report released on Monday, The Fly reports.

A number of other analysts have also commented on CWXZF. National Bank Financial lifted their target price on Doman Building Materials Group to C$7.50 in a report on Thursday, January 19th. Royal Bank of Canada raised Doman Building Materials Group from a sector perform rating to an outperform rating in a report on Monday, January 2nd. Finally, Stifel Nicolaus lifted their target price on Doman Building Materials Group from C$6.50 to C$8.00 in a report on Monday, February 6th. Four research analysts have rated the stock with a hold rating and one has issued a buy rating to the company. Based on data from MarketBeat, the company has a consensus rating of Hold and a consensus price target of $7.21.

Doman Building Materials Group Stock Performance

Shares of OTCMKTS:CWXZF opened at $5.10 on Monday. The stock has a fifty day simple moving average of $5.37 and a two-hundred day simple moving average of $4.68. Doman Building Materials Group has a 12-month low of $3.92 and a 12-month high of $6.97.

About Doman Building Materials Group

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Doman Building Materials Group Ltd. engages in the distribution and trade of construction materials. It operates through the Distribution and Forestry segments. The Distribution segment involves the wholesale distribution of building materials and home renovation products. The Forestry segment includes timber ownership and management of private timberlands and forest licenses, harvesting and trucking operations, and value-added services.