Doman Building Materials Group (TSE:DBM) Sets New 52-Week High – Should You Buy?

Doman Building Materials Group Ltd. (TSE:DBM) reached a new 52-week high during mid-day trading on Tuesday . The company traded as high as C$10.38 and last traded at C$10.37, with a volume of 71997 shares changing hands. The stock had previously closed at C$10.11.

Wall Street Analyst Weigh In

Several equities research analysts have weighed in on DBM shares. Stifel Nicolaus increased their price target on Doman Building Materials Group from C$11.00 to C$11.75 and gave the stock a “buy” rating in a research report on Friday, February 6th. National Bank Financial raised their target price on Doman Building Materials Group from C$10.50 to C$11.50 and gave the stock an “outperform” rating in a report on Tuesday, October 28th. Finally, Desjardins set a C$11.00 price target on Doman Building Materials Group and gave the company a “buy” rating in a research report on Thursday, October 30th. One equities research analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating and one has given a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Buy” and a consensus price target of C$10.47.

Doman Building Materials Group Trading Down 0.6%

The stock has a market cap of C$912.23 million, a PE ratio of 11.83 and a beta of 1.26. The company has a debt-to-equity ratio of 112.91, a quick ratio of 1.11 and a current ratio of 2.94. The company has a 50 day moving average of C$9.83 and a two-hundred day moving average of C$9.43.

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.