Doman Building Materials Group (TSE:DBM) Given New C$12.50 Price Target at Desjardins

Doman Building Materials Group (TSE:DBM) had its price objective increased by analysts at Desjardins from C$12.00 to C$12.50 in a research note issued on Tuesday,BayStreet.CA reports. The firm currently has a “buy” rating on the stock. Desjardins’ price objective indicates a potential upside of 21.95% from the company’s current price.

Several other research analysts also recently weighed in on DBM. Royal Bank Of Canada upped 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 note on Thursday, April 16th. Raymond James Financial upped 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 note on Monday, March 9th. National Bank Financial upped 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 note on Tuesday. Finally, Stifel Nicolaus upped their price target on Doman Building Materials Group from C$11.50 to C$12.00 and gave the stock a “buy” rating in a research note on Friday, April 17th. One equities research analyst has rated the stock with a Strong Buy rating and five have issued a Buy rating to the company. According to MarketBeat.com, the stock currently has an average rating of “Buy” and a consensus target price of C$12.21.

Doman Building Materials Group Price Performance

DBM stock traded down C$0.14 during midday trading on Tuesday, hitting C$10.25. The company’s stock had a trading volume of 110,646 shares, compared to its average volume of 131,034. Doman Building Materials Group has a 12 month low of C$8.10 and a 12 month high of C$10.75. The company has a quick ratio of 1.11, a current ratio of 3.94 and a debt-to-equity ratio of 175.88. The firm has a market capitalization of C$899.57 million, a price-to-earnings ratio of 11.14 and a beta of 1.28. The company has a 50 day moving average of C$9.89 and a two-hundred day moving average of C$9.65.

Doman Building Materials Group (TSE:DBM) last posted its quarterly earnings results on Friday, May 8th. The company reported C$0.27 earnings per share for the quarter. Doman Building Materials Group had a return on equity of 12.52% and a net margin of 2.61%.The business had revenue of C$761.97 million during the quarter. On average, 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.