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

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

DBM has been the subject of a number of other research reports. Desjardins upped their price objective on shares of Doman Building Materials Group from C$11.00 to C$12.00 and gave the company a “buy” rating in a research report on Monday. Raymond James Financial lifted their target price on Doman Building Materials Group from C$11.00 to C$12.00 and gave the stock a “strong-buy” rating in a report on Monday. Finally, Stifel Nicolaus decreased their target price on Doman Building Materials Group from C$11.75 to C$11.50 and set a “buy” rating for the company in a research note on Monday. One investment 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 company. Based on data from MarketBeat.com, the company currently has a consensus rating of “Buy” and an average price target of C$10.81.

Doman Building Materials Group Trading Down 2.0%

TSE DBM traded down C$0.20 during trading on Monday, reaching C$9.65. 238,674 shares of the stock traded hands, compared to its average volume of 145,308. Doman Building Materials Group has a fifty-two week low of C$6.30 and a fifty-two week 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 has a market cap of C$845.63 million, a price-to-earnings ratio of 10.97 and a beta of 1.28. The stock’s 50-day moving average price is C$10.01 and its 200 day moving average price is C$9.51.

Doman Building Materials Group (TSE:DBM) last posted its earnings results on Thursday, March 5th. The company reported C$0.13 earnings per share for the quarter. The company had revenue of C$644.23 million for the quarter. Doman Building Materials Group had a net margin of 2.57% and a return on equity of 12.47%. Analysts predict 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.