Doman Building Materials Group (TSE:DBM) Stock Price Expected to Rise, Raymond James Financial Analyst Says

Doman Building Materials Group (TSE:DBM) had its price target hoisted by equities researchers at Raymond James Financial from C$12.00 to C$12.50 in a note issued to investors on Thursday,BayStreet.CA reports. The brokerage currently has an “outperform” rating on the stock. Raymond James Financial’s target price suggests a potential upside of 10.72% from the stock’s current price.

DBM has been the topic of a number of other research reports. Desjardins boosted their price objective on Doman Building Materials Group from C$12.00 to C$12.50 and gave the stock a “buy” rating in a research note on Tuesday, May 12th. National Bank Financial lifted their target price on Doman Building Materials Group from C$13.50 to C$14.00 and gave the stock an “outperform” rating in a report on Wednesday, July 22nd. Stifel Nicolaus boosted their price target on shares of Doman Building Materials Group from C$12.00 to C$12.25 and gave the stock a “buy” rating in a research report on Tuesday, May 12th. Finally, Royal Bank Of Canada upped their price target on shares of Doman Building Materials Group from C$11.00 to C$12.00 and gave the company an “outperform” rating in a report on Thursday, April 16th. Six investment analysts have rated the stock with a Buy rating, According to MarketBeat, the stock presently has an average rating of “Buy” and a consensus target price of C$12.38.

Doman Building Materials Group Price Performance

Shares of Doman Building Materials Group stock traded down C$0.53 on Thursday, hitting C$11.29. The company had a trading volume of 272,462 shares, compared to its average volume of 125,072. Doman Building Materials Group has a 52 week low of C$8.47 and a 52 week high of C$11.99. The company has a debt-to-equity ratio of 175.88, a current ratio of 3.94 and a quick ratio of 1.11. The company has a market cap of C$990.84 million, a PE ratio of 12.27 and a beta of 1.51. The business has a 50-day simple moving average of C$11.21 and a 200-day simple moving average of C$10.45.

Doman Building Materials Group (TSE:DBM) last announced its earnings results on Wednesday, August 5th. The company reported C$0.36 EPS for the quarter. The firm had revenue of C$904.47 million for the quarter. Doman Building Materials Group had a return on equity of 12.52% and a net margin of 2.61%. Research analysts expect that Doman Building Materials Group will post 0.8051471 EPS for the current fiscal year.

Insider Buying and Selling at Doman Building Materials Group

In other news, insider Darren John Alexander Gwozd purchased 5,200 shares of the business’s stock in a transaction dated Thursday, May 14th. The shares were acquired at an average price of C$10.35 per share, for a total transaction of C$53,820.00. Following the completion of the acquisition, the insider directly owned 5,200 shares of the company’s stock, valued at C$53,820. The trade was a ∞ increase in their ownership of the stock. 20.04% of the stock is currently owned by company insiders.

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.