Doman Building Materials Group (TSE:DBM) Reaches New 52-Week High – Still a Buy?

Doman Building Materials Group Ltd. (TSE:DBM)’s stock price hit a new 52-week high on Thursday . The stock traded as high as C$10.32 and last traded at C$10.29, with a volume of 93551 shares traded. The stock had previously closed at C$10.15.

Wall Street Analyst Weigh In

Several brokerages recently commented on DBM. National Bankshares raised their target price on Doman Building Materials Group from C$10.50 to C$11.50 and gave the stock an “outperform” rating in a research report on Tuesday, October 28th. Stifel Nicolaus reduced their price objective on shares of Doman Building Materials Group from C$12.00 to C$10.50 and set a “buy” rating for the company in a report on Tuesday, October 7th. Finally, Desjardins set a C$11.00 target price on shares of Doman Building Materials Group and gave the company a “buy” rating in a research report on Thursday, October 30th. One analyst has rated the stock with a Strong Buy rating, five have assigned a Buy rating and two have assigned a Hold rating to the company. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of C$10.31.

Doman Building Materials Group Stock Up 1.3%

The stock has a market capitalization of C$903.47 million, a P/E ratio of 11.72 and a beta of 1.59. The company has a current ratio of 2.94, a quick ratio of 1.11 and a debt-to-equity ratio of 112.91. The firm’s fifty day moving average is C$9.49 and its 200-day moving average is C$9.25.

Doman Building Materials Group (TSE:DBM) last posted its quarterly earnings data on Thursday, November 6th. The company reported C$0.21 earnings per share for the quarter. Doman Building Materials Group had a net margin of 2.27% and a return on equity of 9.41%. The company had revenue of C$795.09 million during the quarter. As a group, equities research analysts predict that Doman Building Materials Group Ltd. will post 0.8051471 earnings per share for the current year.

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.