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

Doman Building Materials Group Ltd. (TSE:DBM)’s stock price hit a new 52-week high on Thursday . The company traded as high as C$10.32 and last traded at C$10.29, with a volume of 93551 shares traded. The stock had previously closed at C$10.15.

Analysts Set New Price Targets

A number of analysts recently issued reports on DBM shares. Desjardins set a C$11.00 price objective on Doman Building Materials Group and gave the company a “buy” rating in a research note on Thursday, October 30th. National Bankshares lifted their target price 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. Finally, Stifel Nicolaus lowered their price target on shares of Doman Building Materials Group from C$12.00 to C$10.50 and set a “buy” rating on the stock in a report on Tuesday, October 7th. One investment analyst has rated the stock with a Strong Buy rating, five have assigned a Buy rating and two have assigned a Hold rating to the company. According to MarketBeat.com, Doman Building Materials Group currently has an average rating of “Moderate Buy” and a consensus target price of C$10.31.

Doman Building Materials Group Stock Performance

The firm has a market capitalization of C$904.34 million, a PE ratio of 11.73 and a beta of 1.59. The company has a quick ratio of 1.11, a current ratio of 2.94 and a debt-to-equity ratio of 112.91. The company has a 50-day moving average of C$9.44 and a 200 day moving average of C$9.23.

Doman Building Materials Group (TSE:DBM) last issued its quarterly earnings results on Thursday, November 6th. The company reported C$0.21 earnings per share (EPS) for the quarter. Doman Building Materials Group had a return on equity of 9.41% and a net margin of 2.27%.The firm had revenue of C$795.09 million during the quarter. Equities research analysts predict 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.