Stifel Nicolaus Cuts Doman Building Materials Group (TSE:DBM) Price Target to C$11.50

Doman Building Materials Group (TSE:DBM) had its price objective reduced by Stifel Nicolaus from C$11.75 to C$11.50 in a report issued on Monday,BayStreet.CA reports. They currently have a buy rating on the stock.

Separately, Desjardins raised their price objective on shares of Doman Building Materials Group from C$11.00 to C$12.00 and gave the stock a “buy” rating in a report on Monday. 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 stock. According to MarketBeat, the stock has a consensus rating of “Buy” and an average price target of C$10.81.

Doman Building Materials Group Stock Down 1.0%

Shares of TSE DBM opened at C$9.65 on Monday. The company has a current ratio of 3.22, a quick ratio of 1.11 and a debt-to-equity ratio of 157.89. Doman Building Materials Group has a 12 month low of C$6.30 and a 12 month high of C$10.60. The firm has a market capitalization of C$845.63 million, a PE ratio of 10.97 and a beta of 1.28. The firm has a fifty day simple moving average of C$10.03 and a two-hundred day simple moving average of C$9.51.

Doman Building Materials Group (TSE:DBM) last posted its earnings results on Thursday, March 5th. The company reported C$0.13 EPS for the quarter. Doman Building Materials Group had a net margin of 2.57% and a return on equity of 12.47%. The firm had revenue of C$644.23 million during the quarter. Equities analysts expect that Doman Building Materials Group will post 0.8051471 earnings per share 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.