Doman Building Materials Group (TSE:DBM) Hits New 1-Year High – What’s Next?

Doman Building Materials Group Ltd. (TSE:DBM)’s share price hit a new 52-week high during trading on Thursday . The stock traded as high as C$10.59 and last traded at C$10.57, with a volume of 65675 shares. The stock had previously closed at C$10.48.

Analyst Upgrades and Downgrades

DBM has been the topic of a number of recent analyst reports. Stifel Nicolaus lifted their price target on Doman Building Materials Group from C$11.00 to C$11.75 and gave the stock a “buy” rating in a report on Friday, February 6th. Desjardins set a C$11.00 target price on Doman Building Materials Group and gave the company a “buy” rating in a research note on Thursday, October 30th. One analyst has rated the stock with a Strong Buy rating, five have given a Buy rating and one has given a Hold rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Buy” and an average price target of C$10.47.

Doman Building Materials Group Stock Performance

The company’s 50-day moving average is C$9.90 and its two-hundred day moving average is C$9.48. The company has a market capitalization of C$928.88 million, a P/E ratio of 12.05 and a beta of 1.26. The company has a quick ratio of 1.11, a current ratio of 2.94 and a debt-to-equity ratio of 112.91.

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.