Doman Building Materials Group (TSE:DBM) Given New C$12.25 Price Target at Stifel Nicolaus

Doman Building Materials Group (TSE:DBM) had its target price boosted by equities researchers at Stifel Nicolaus from C$12.00 to C$12.25 in a note issued to investors on Tuesday,BayStreet.CA reports. The firm presently has a “buy” rating on the stock. Stifel Nicolaus’ price objective points to a potential upside of 19.51% from the stock’s previous close.

Other equities research analysts also recently issued research reports about the company. Raymond James Financial lifted their target price on Doman Building Materials Group from C$11.00 to C$12.00 and gave the stock a “strong-buy” rating in a report on Monday, March 9th. National Bank Financial boosted their price target on Doman Building Materials Group from C$12.50 to C$13.50 and gave the company an “outperform” rating in a report on Tuesday. Desjardins boosted their price target on Doman Building Materials Group from C$12.00 to C$12.50 and gave the company a “buy” rating in a report on Tuesday. Finally, Royal Bank Of Canada boosted their price target on Doman Building Materials Group from C$11.00 to C$12.00 and gave the company an “outperform” rating in a report on Thursday, April 16th. One equities research analyst has rated the stock with a Strong Buy rating and five have issued a Buy rating to the company. According to data from MarketBeat, the company presently has an average rating of “Buy” and an average target price of C$12.21.

Doman Building Materials Group Stock Performance

Shares of Doman Building Materials Group stock traded down C$0.14 on Tuesday, reaching C$10.25. 110,646 shares of the stock were exchanged, compared to its average volume of 131,034. The company has a quick ratio of 1.11, a current ratio of 3.94 and a debt-to-equity ratio of 175.88. Doman Building Materials Group has a twelve month low of C$8.10 and a twelve month high of C$10.75. The firm has a market capitalization of C$899.57 million, a price-to-earnings ratio of 11.14 and a beta of 1.28. The business has a 50 day moving average price of C$9.89 and a two-hundred day moving average price of C$9.65.

Doman Building Materials Group (TSE:DBM) last released its earnings results on Friday, May 8th. The company reported C$0.27 EPS for the quarter. Doman Building Materials Group had a return on equity of 12.52% and a net margin of 2.61%.The firm had revenue of C$761.97 million during the quarter. Analysts anticipate that Doman Building Materials Group will post 0.8051471 earnings per share for the current fiscal 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.