Doman Building Materials Group (TSE:DBM) Sets New 12-Month High – Still a Buy?

Doman Building Materials Group Ltd. (TSE:DBM) reached a new 52-week high during trading on Friday . The stock traded as high as C$10.00 and last traded at C$9.99, with a volume of 170331 shares traded. The stock had previously closed at C$9.86.

Wall Street Analyst Weigh In

DBM has been the topic of a number of recent analyst reports. National Bankshares lifted their price target on Doman Building Materials Group from C$10.50 to C$11.50 and gave the company an “outperform” rating in a report on Tuesday, October 28th. Desjardins set a C$11.00 target price on Doman Building Materials Group and gave the company a “buy” rating in a research note on Thursday, October 30th. Finally, Stifel Nicolaus reduced their price target on Doman Building Materials Group from C$12.00 to C$10.50 and set a “buy” rating for the company in a research report on Tuesday, October 7th. One analyst has rated the stock with a Strong Buy rating, five have given a Buy rating and two have given a Hold rating to the company’s stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of C$10.31.

Doman Building Materials Group Price Performance

The firm has a market capitalization of C$896.45 million, a P/E ratio of 11.63 and a beta of 1.59. The business’s fifty day moving average is C$9.36 and its 200 day moving average is C$9.20. The company has a current ratio of 2.94, a quick ratio of 1.11 and a debt-to-equity ratio of 112.91.

Doman Building Materials Group (TSE:DBM) last issued its earnings results on Thursday, November 6th. The company reported C$0.21 earnings per share for the quarter. The firm had revenue of C$795.09 million during the quarter. Doman Building Materials Group had a net margin of 2.27% and a return on equity of 9.41%. As a group, analysts forecast that Doman Building Materials Group Ltd. will post 0.8051471 EPS for the current 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.