Doman Building Materials Group (TSE:DBM) Price Target Raised to C$11.75

Doman Building Materials Group (TSE:DBM) had its target price boosted by stock analysts at Stifel Nicolaus from C$11.00 to C$11.75 in a research report issued on Friday,BayStreet.CA reports. The firm currently has a “buy” rating on the stock. Stifel Nicolaus’ target price indicates a potential upside of 15.65% from the stock’s previous close.

DBM has been the topic of a number of other research reports. Desjardins set a C$11.00 price target on shares of Doman Building Materials Group and gave the stock a “buy” rating in a research note on Thursday, October 30th. National Bankshares upped their price objective on Doman Building Materials Group from C$10.50 to C$11.50 and gave the stock an “outperform” rating in a report on Tuesday, October 28th. One equities research analyst has rated the stock with a Strong Buy rating, five have given a Buy rating and one has issued a Hold rating to the company’s stock. Based on data from MarketBeat, the stock presently has an average rating of “Buy” and an average target price of C$10.47.

Doman Building Materials Group Trading Up 3.8%

TSE DBM traded up C$0.37 during trading hours on Friday, hitting C$10.16. 59,052 shares of the company’s stock were exchanged, compared to its average volume of 153,707. The business’s 50 day moving average is C$9.65 and its 200-day moving average is C$9.33. The company has a debt-to-equity ratio of 112.91, a quick ratio of 1.11 and a current ratio of 2.94. Doman Building Materials Group has a 12-month low of C$6.30 and a 12-month high of C$10.35. The firm has a market capitalization of C$890.32 million, a P/E ratio of 11.55 and a beta of 1.26.

Doman Building Materials Group (TSE:DBM) last posted its quarterly earnings data on Thursday, November 6th. The company reported C$0.21 EPS for the quarter. The company had revenue of C$795.09 million during the quarter. Doman Building Materials Group had a net margin of 2.27% and a return on equity of 9.41%. As a group, analysts anticipate that Doman Building Materials Group will post 0.8051471 EPS for the current fiscal year.

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.