Stifel Nicolaus Forecasts Strong Price Appreciation for Doman Building Materials Group (TSE:DBM) Stock

Doman Building Materials Group (TSE:DBM) had its price target increased by stock analysts at Stifel Nicolaus from C$11.00 to C$11.75 in a report released on Friday,BayStreet.CA reports. The brokerage currently has a “buy” rating on the stock. Stifel Nicolaus’ price target indicates a potential upside of 15.65% from the stock’s current price.

DBM has been the topic of a number of other reports. National Bankshares raised 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 price target on shares of Doman Building Materials Group and gave the stock a “buy” rating in a research report on Thursday, October 30th. One investment analyst has rated the stock with a Strong Buy rating, five have assigned a Buy rating and one has given a Hold rating to the company’s stock. Based on data from MarketBeat.com, Doman Building Materials Group has an average rating of “Buy” and a consensus price target of C$10.47.

Doman Building Materials Group Stock Performance

Shares of DBM stock traded up C$0.37 during trading hours on Friday, reaching C$10.16. The stock had a trading volume of 59,052 shares, compared to its average volume of 153,707. The firm has a market capitalization of C$890.32 million, a PE ratio of 11.55 and a beta of 1.26. The firm has a 50-day simple moving average of C$9.65 and a 200-day simple moving average of C$9.33. Doman Building Materials Group has a twelve month low of C$6.30 and a twelve month high of C$10.35. The company has a debt-to-equity ratio of 112.91, a current ratio of 2.94 and a quick ratio of 1.11.

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