Doman Building Materials Group (TSE:DBM) Price Target Raised to C$13.50 at National Bank Financial

Doman Building Materials Group (TSE:DBM) had its price target boosted by equities researchers at National Bank Financial from C$12.50 to C$13.50 in a report issued on Tuesday,BayStreet.CA reports. The firm presently has an “outperform” rating on the stock. National Bank Financial’s price objective suggests a potential upside of 31.71% from the company’s previous close.

DBM has been the topic of a number of other research reports. Desjardins boosted their target price on shares of Doman Building Materials Group from C$11.00 to C$12.00 and gave the company a “buy” rating in a report on Monday, March 9th. Stifel Nicolaus boosted their target price on shares of Doman Building Materials Group from C$11.50 to C$12.00 and gave the company a “buy” rating in a report on Friday, April 17th. Royal Bank Of Canada boosted their target price on shares of Doman Building Materials Group from C$11.00 to C$12.00 and gave the company an “outperform” rating in a report on Thursday, April 16th. Finally, Raymond James Financial upped their price target on shares of 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. One analyst has rated the stock with a Strong Buy rating and five have given a Buy rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Buy” and an average price target of C$12.21.

Doman Building Materials Group Stock Down 1.3%

Shares of DBM stock traded down C$0.14 during mid-day trading on Tuesday, reaching C$10.25. 110,646 shares of the company’s stock traded hands, 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 market cap of C$899.57 million, a P/E ratio of 11.14 and a beta of 1.28. 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 company’s 50-day moving average price is C$9.89 and its 200-day moving average price is C$9.65.

Doman Building Materials Group (TSE:DBM) last announced its earnings results on Friday, May 8th. The company reported C$0.27 EPS for the quarter. Doman Building Materials Group had a net margin of 2.61% and a return on equity of 12.52%. The firm had revenue of C$761.97 million for the quarter. On average, equities analysts expect that Doman Building Materials Group will post 0.8051471 earnings per share for the current fiscal 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.