Doman Building Materials Group (TSE:DBM) Sets New 52-Week High – Here’s What Happened

Doman Building Materials Group Ltd. (TSE:DBM)’s share price hit a new 52-week high during trading on Thursday . The company traded as high as C$10.59 and last traded at C$10.57, with a volume of 65675 shares traded. The stock had previously closed at C$10.48.

Analysts Set New Price Targets

Separately, Stifel Nicolaus increased their price objective on shares of Doman Building Materials Group from C$11.00 to C$11.75 and gave the company a “buy” rating in a research report on Friday, February 6th. One equities research analyst has rated the stock with a Strong Buy rating, five have assigned a Buy rating and one has assigned a Hold rating to the company’s stock. According to MarketBeat.com, Doman Building Materials Group presently has a consensus rating of “Buy” and an average price target of C$10.47.

Doman Building Materials Group Price Performance

The stock’s 50-day moving average is C$9.94 and its 200 day moving average is C$9.49. The company has a debt-to-equity ratio of 112.91, a quick ratio of 1.11 and a current ratio of 2.94. The stock has a market capitalization of C$913.98 million, a PE ratio of 11.85 and a beta of 1.26.

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.