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

Doman Building Materials Group (TSE:DBM) had its price objective boosted by equities research analysts at TD Securities from C$11.50 to C$12.00 in a research report issued to clients and investors on Tuesday, BayStreet.CA reports. TD Securities’ price target points to a potential upside of 39.86% from the stock’s previous close.

DBM has been the topic of several other reports. Royal Bank of Canada cut their price objective on shares of Doman Building Materials Group from C$10.00 to C$9.00 in a report on Thursday, July 11th. Stifel Nicolaus increased their target price on shares of Doman Building Materials Group from C$9.25 to C$10.00 and gave the stock a “buy” rating in a report on Thursday, October 17th. National Bankshares increased their target price on shares of Doman Building Materials Group from C$8.50 to C$12.00 and gave the stock an “outperform” rating in a report on Monday, October 7th. Canaccord Genuity Group increased their target price on shares of Doman Building Materials Group from C$9.00 to C$11.00 and gave the stock a “buy” rating in a report on Wednesday, October 2nd. Finally, Raymond James increased their target price on shares of Doman Building Materials Group from C$9.75 to C$11.50 and gave the stock a “strong-buy” rating in a report on Wednesday, October 2nd. Five analysts have rated the stock with a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, the company currently has a consensus rating of “Buy” and an average target price of C$10.64.

Doman Building Materials Group Trading Down 0.7 %

TSE DBM traded down C$0.06 during trading hours on Tuesday, hitting C$8.58. The company’s stock had a trading volume of 123,501 shares, compared to its average volume of 197,125. The stock has a fifty day moving average of C$7.68 and a 200 day moving average of C$7.43. Doman Building Materials Group has a twelve month low of C$6.32 and a twelve month high of C$9.15. The firm has a market capitalization of C$748.95 million, a P/E ratio of 11.93 and a beta of 1.53. The company has a quick ratio of 1.11, a current ratio of 3.78 and a debt-to-equity ratio of 132.33.

Doman Building Materials Group (TSE:DBM) last announced its quarterly earnings data on Friday, August 9th. The company reported C$0.20 earnings per share 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 business had revenue of C$689.83 million during the quarter, compared to analyst estimates of C$742.90 million. Equities research analysts forecast 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., 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.