Doman Building Materials Group (TSE:DBM) PT Raised to C$9.25

Doman Building Materials Group (TSE:DBM) had its target price boosted by research analysts at Stifel Nicolaus from C$9.00 to C$9.25 in a report issued on Wednesday, BayStreet.CA reports. The firm presently has a “buy” rating on the stock. Stifel Nicolaus’ price target points to a potential upside of 8.70% from the stock’s current price.

DBM has been the subject of several other reports. National Bankshares lowered their price target on shares of Doman Building Materials Group from C$10.50 to C$8.50 and set an “outperform” rating for the company in a report on Tuesday, August 13th. CIBC increased 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 research report on Wednesday. Finally, Royal Bank of Canada reduced their price target on Doman Building Materials Group from C$10.00 to C$9.00 in a report on Thursday, July 11th. Five equities research analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of “Buy” and an average price target of C$9.71.

Doman Building Materials Group Price Performance

TSE DBM traded up C$0.67 during midday trading on Wednesday, hitting C$8.51. The company had a trading volume of 1,065,280 shares, compared to its average volume of 190,708. The company has a market capitalization of C$742.84 million, a PE ratio of 11.82 and a beta of 1.52. Doman Building Materials Group has a twelve month low of C$6.32 and a twelve month high of C$8.64. The company has a current ratio of 3.78, a quick ratio of 1.11 and a debt-to-equity ratio of 132.33. The firm has a 50-day moving average price of C$7.14 and a 200-day moving average price of C$7.37.

Doman Building Materials Group (TSE:DBM) last announced its quarterly earnings data on Friday, August 9th. The company reported C$0.20 EPS for the quarter, missing the consensus estimate of C$0.22 by C($0.02). Doman Building Materials Group had a net margin of 2.56% and a return on equity of 10.63%. The firm had revenue of C$689.83 million for the quarter, compared to analyst estimates of C$742.90 million. As a group, analysts anticipate that Doman Building Materials Group will post 0.7751004 earnings per share for the current fiscal year.

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.