Doman Building Materials Group (TSE:DBM) Given New C$12.00 Price Target at Stifel Nicolaus

Doman Building Materials Group (TSE:DBM) had its target price increased by stock analysts at Stifel Nicolaus from C$11.00 to C$12.00 in a report issued on Monday,BayStreet.CA reports. Stifel Nicolaus’ price target suggests a potential upside of 22.95% from the company’s current price.

A number of other brokerages have also weighed in on DBM. Canaccord Genuity Group boosted their price target on Doman Building Materials Group from C$9.00 to C$11.00 and gave the stock a “buy” rating in a research note on Wednesday, October 2nd. TD Securities boosted their price target on Doman Building Materials Group from C$11.50 to C$12.00 in a research report on Tuesday, October 22nd. National Bankshares boosted their price target on Doman Building Materials Group from C$8.50 to C$12.00 and gave the stock an “outperform” rating in a research report on Monday, October 7th. Raymond James upped their target price on Doman Building Materials Group from C$9.75 to C$11.50 and gave the company a “strong-buy” rating in a report on Wednesday, October 2nd. Finally, CIBC upped their target price on Doman Building Materials Group from C$8.50 to C$9.00 and gave the company an “outperform” rating in a report on Wednesday, October 2nd. Five equities research analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Buy” and an average target price of C$10.93.

Doman Building Materials Group Stock Up 1.9 %

DBM traded up C$0.18 on Monday, hitting C$9.76. The company had a trading volume of 183,085 shares, compared to its average volume of 198,588. The stock has a fifty day moving average price of C$8.54 and a 200-day moving average price of C$7.57. Doman Building Materials Group has a 12-month low of C$6.32 and a 12-month high of C$9.83. The company has a debt-to-equity ratio of 132.33, a quick ratio of 1.11 and a current ratio of 3.78. The stock has a market capitalization of C$851.95 million, a price-to-earnings ratio of 13.56 and a beta of 1.53.

Doman Building Materials Group Company Profile

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.