Doman Building Materials Group (TSE:DBM) Given New C$12.25 Price Target at Stifel Nicolaus

Doman Building Materials Group (TSE:DBM) had its target price hoisted by research analysts at Stifel Nicolaus from C$12.00 to C$12.25 in a note issued to investors on Tuesday,BayStreet.CA reports. The brokerage presently has a “buy” rating on the stock. Stifel Nicolaus’ price objective suggests a potential upside of 19.51% from the company’s previous close.

DBM has been the subject of several other reports. Royal Bank Of Canada boosted their price target on Doman Building Materials Group from C$11.00 to C$12.00 and gave the stock an “outperform” rating in a research report on Thursday, April 16th. Desjardins boosted their price target on Doman Building Materials Group from C$12.00 to C$12.50 and gave the stock a “buy” rating in a research report on Tuesday. Raymond James Financial boosted their price target on Doman Building Materials Group from C$11.00 to C$12.00 and gave the stock a “strong-buy” rating in a research report on Monday, March 9th. Finally, National Bank Financial boosted their price target on Doman Building Materials Group from C$12.50 to C$13.50 and gave the stock an “outperform” rating in a research report on Tuesday. One analyst has rated the stock with a Strong Buy rating and five have given a Buy rating to the company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Buy” and an average price target of C$12.21.

Doman Building Materials Group Price Performance

Shares of Doman Building Materials Group stock traded down C$0.14 on Tuesday, reaching C$10.25. The company’s stock had a trading volume of 110,646 shares, compared to its average volume of 131,034. The company has a market capitalization of C$899.57 million, a P/E ratio of 11.14 and a beta of 1.28. Doman Building Materials Group has a 52-week low of C$8.10 and a 52-week high of C$10.75. The stock has a 50-day moving average price of C$9.89 and a 200-day moving average price of C$9.65. The company has a quick ratio of 1.11, a current ratio of 3.94 and a debt-to-equity ratio of 175.88.

Doman Building Materials Group (TSE:DBM) last issued its quarterly earnings results on Friday, May 8th. The company reported C$0.27 EPS for the quarter. Doman Building Materials Group had a return on equity of 12.52% and a net margin of 2.61%.The firm had revenue of C$761.97 million during the quarter. Analysts expect that Doman Building Materials Group will post 0.8051471 EPS for the current 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.