Doman Building Materials Group (TSE:DBM) Price Target Raised to C$12.00

Doman Building Materials Group (TSE:DBM) had its price objective hoisted by Desjardins from C$11.00 to C$12.00 in a research report report published on Monday morning,BayStreet.CA reports. They currently have a buy rating on the stock.

Separately, Stifel Nicolaus raised their price target on shares of Doman Building Materials Group from C$11.00 to C$11.75 and gave the company a “buy” rating in a report on Friday, February 6th. One equities research analyst has rated the stock with a Strong Buy rating, five have given a Buy rating and one has assigned a Hold rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of “Buy” and an average price target of C$10.81.

Doman Building Materials Group Trading Down 1.0%

Shares of Doman Building Materials Group stock opened at C$9.65 on Monday. Doman Building Materials Group has a 12-month low of C$6.30 and a 12-month high of C$10.60. The company has a market cap of C$845.63 million, a price-to-earnings ratio of 10.97 and a beta of 1.28. The company has a current ratio of 3.22, a quick ratio of 1.11 and a debt-to-equity ratio of 157.89. The company’s 50-day moving average price is C$10.03 and its 200-day moving average price is C$9.51.

Doman Building Materials Group (TSE:DBM) last released its quarterly earnings data on Thursday, March 5th. The company reported C$0.13 EPS for the quarter. The company had revenue of C$644.23 million during the quarter. Doman Building Materials Group had a net margin of 2.57% and a return on equity of 12.47%. On average, equities analysts expect that Doman Building Materials Group will post 0.8051471 earnings per share for the current fiscal year.

Doman Building Materials Group Company Profile

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.