Doman Building Materials Group (TSE:DBM) Price Target Raised to C$12.00

Doman Building Materials Group (TSE:DBM) had its price target hoisted by investment analysts at TD Securities from C$11.50 to C$12.00 in a report released on Tuesday, BayStreet.CA reports. TD Securities’ target price points to a potential upside of 39.86% from the company’s previous close.

A number of other research analysts have also commented on DBM. Royal Bank of Canada cut their price objective on shares of Doman Building Materials Group from C$10.00 to C$9.00 in a research report on Thursday, July 11th. National Bankshares upped their target price on shares of Doman Building Materials Group from C$8.50 to C$12.00 and gave the company an “outperform” rating in a research note on Monday, October 7th. Raymond James upped their target price on shares of Doman Building Materials Group from C$9.75 to C$11.50 and gave the company a “strong-buy” rating in a research note on Wednesday, October 2nd. Canaccord Genuity Group upped their target price on shares of Doman Building Materials Group from C$9.00 to C$11.00 and gave the company a “buy” rating in a research note on Wednesday, October 2nd. Finally, Stifel Nicolaus upped their target price on shares of Doman Building Materials Group from C$9.25 to C$10.00 and gave the company a “buy” rating in a research note on Thursday, October 17th. Five research analysts have rated the stock with a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat, Doman Building Materials Group presently has an average rating of “Buy” and a consensus target price of C$10.64.

Doman Building Materials Group Stock Performance

Shares of DBM traded down C$0.06 during trading hours on Tuesday, reaching C$8.58. 123,501 shares of the company traded hands, compared to its average volume of 197,125. The stock’s fifty day moving average is C$7.68 and its 200 day moving average is C$7.43. The stock has a market cap of C$748.95 million, a P/E ratio of 11.93 and a beta of 1.53. The company has a debt-to-equity ratio of 132.33, a quick ratio of 1.11 and a current ratio of 3.78. Doman Building Materials Group has a 1-year low of C$6.32 and a 1-year high of C$9.15.

Doman Building Materials Group (TSE:DBM) last announced its quarterly earnings data on Friday, August 9th. The company reported C$0.20 EPS for the quarter, missing analysts’ consensus estimates of C$0.22 by C($0.02). The company had revenue of C$689.83 million for the quarter, compared to analyst estimates of C$742.90 million. Doman Building Materials Group had a net margin of 2.56% and a return on equity of 10.63%. Equities research analysts anticipate 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., through its subsidiaries, engages in the wholesale distribution of building materials and home renovation products in the United States and Canada. The company offers treated wood; siding and trim; decking and aluminum railing; engineered wood products; roofing products; insulation and wrap products; and lumber and plywood products.