Doman Building Materials Group (TSE:DBM) Price Target Raised to C$12.50 at National Bank Financial

Doman Building Materials Group (TSE:DBM) had its price target upped by research analysts at National Bank Financial from C$12.00 to C$12.50 in a research report issued on Monday,BayStreet.CA reports. The firm currently has an “outperform” rating on the stock. National Bank Financial’s price objective suggests a potential upside of 29.53% from the stock’s current price.

DBM has been the subject of a number of other research reports. Raymond James Financial lifted their price objective on shares of Doman Building Materials Group from C$11.00 to C$12.00 and gave the company a “strong-buy” rating in a research report on Monday. Stifel Nicolaus dropped their target price on shares of Doman Building Materials Group from C$11.75 to C$11.50 and set a “buy” rating on the stock in a report on Monday. Finally, Desjardins lifted their price target on Doman Building Materials Group from C$11.00 to C$12.00 and gave the stock a “buy” rating in a report on Monday. One research analyst has rated the stock with a Strong Buy rating, five have assigned a Buy rating and one has issued a Hold rating to the company’s stock. According to MarketBeat.com, the stock currently has an average rating of “Buy” and a consensus target price of C$10.81.

Doman Building Materials Group Stock Down 2.0%

Shares of TSE DBM traded down C$0.20 during trading hours on Monday, hitting C$9.65. The company had a trading volume of 238,674 shares, compared to its average volume of 145,308. Doman Building Materials Group has a 1-year low of C$6.30 and a 1-year high of C$10.60. The company has a quick ratio of 1.11, a current ratio of 3.22 and a debt-to-equity ratio of 157.89. The firm’s 50 day moving average is C$10.01 and its 200-day moving average is C$9.51. The stock has a market capitalization of C$845.63 million, a P/E ratio of 10.97 and a beta of 1.28.

Doman Building Materials Group (TSE:DBM) last issued its earnings results on Thursday, March 5th. The company reported C$0.13 earnings per share for the quarter. Doman Building Materials Group had a net margin of 2.57% and a return on equity of 12.47%. The business had revenue of C$644.23 million for the quarter. On average, analysts expect that Doman Building Materials Group will post 0.8051471 earnings per share for the current fiscal 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.