Doman Building Materials Group (TSE:DBM) Stock Gets Price Target Reduction from Desjardins

Doman Building Materials Group (TSE:DBM) had its price objective trimmed by Desjardins from C$12.50 to C$12.00 in a research report report published on Tuesday morning,BayStreet reports. The firm currently has a buy rating on the stock.

A number of other analysts also recently weighed in on the company. Raymond James Financial boosted their target price on Doman Building Materials Group from C$12.00 to C$12.50 and gave the stock an “outperform” rating in a research report on Thursday, August 6th. National Bank Financial increased their price target on shares of Doman Building Materials Group from C$13.50 to C$14.00 and gave the company an “outperform” rating in a research report on Wednesday, July 22nd. Five research analysts have rated the stock with a Buy rating. According to data from MarketBeat.com, the company presently has a consensus rating of “Buy” and an average target price of C$12.55.

Doman Building Materials Group Price Performance

DBM stock opened at C$9.80 on Tuesday. The firm has a 50 day simple moving average of C$10.54 and a two-hundred day simple moving average of C$10.54. The stock has a market cap of C$861.36 million, a PE ratio of 10.00 and a beta of 1.47. Doman Building Materials Group has a one year low of C$8.66 and a one year high of C$11.99. The company has a debt-to-equity ratio of 138.40, a current ratio of 3.13 and a quick ratio of 1.11.

Doman Building Materials Group (TSE:DBM) last issued its quarterly earnings results on Friday, November 6th. The company reported C$0.23 earnings per share (EPS) for the quarter. Doman Building Materials Group had a return on equity of 12.58% and a net margin of 2.72%. The firm had revenue of C$841.66 million during the quarter. On average, analysts predict that Doman Building Materials Group will post 0.81 EPS for the current fiscal year.

Doman Building Materials Group Company Profile

Founded in 1989, Doman is headquartered in Vancouver, British Columbia, and trades on the Toronto Stock Exchange under the symbol DBM. As Canadas premier national distributor in the building materials and related products sector, Doman operates several distinct divisions with multiple treating plants, planing and specialty facilities and distribution centres coast-to-coast in all major cities across Canada and coast-to-coast across the United States. Strategically located across Canada, Doman Building Materials Canada operates distribution centres coast-to-coast, and Doman Treated Wood Canada operates multiple treating plants near major cities.