Doman Building Materials Group (TSE:DBM) Given New C$14.00 Price Target at National Bank Financial

Doman Building Materials Group (TSE:DBM) had its price objective lifted by analysts at National Bank Financial from C$13.50 to C$14.00 in a report released on Wednesday,BayStreet.CA reports. The firm currently has an “outperform” rating on the stock. National Bank Financial’s target price points to a potential upside of 19.86% from the stock’s previous close.

Several other brokerages have also recently issued reports on DBM. Stifel Nicolaus lifted their target price on Doman Building Materials Group from C$12.00 to C$12.25 and gave the company a “buy” rating in a research report on Tuesday, May 12th. Desjardins lifted their price objective on shares of Doman Building Materials Group from C$12.00 to C$12.50 and gave the stock a “buy” rating in a report on Tuesday, May 12th. Finally, Royal Bank Of Canada upped their target price on shares of Doman Building Materials Group from C$11.00 to C$12.00 and gave the stock an “outperform” rating in a research note on Thursday, April 16th. One analyst has rated the stock with a Strong Buy rating and five have given a Buy rating to the stock. Based on data from MarketBeat.com, Doman Building Materials Group currently has a consensus rating of “Buy” and an average price target of C$12.29.

Doman Building Materials Group Stock Up 1.6%

Shares of TSE DBM traded up C$0.18 during mid-day trading on Wednesday, reaching C$11.68. 41,356 shares of the company’s stock traded hands, compared to its average volume of 124,724. The company has a debt-to-equity ratio of 175.88, a current ratio of 3.94 and a quick ratio of 1.11. The business has a 50-day simple moving average of C$10.96 and a 200 day simple moving average of C$10.31. The stock has a market cap of C$1.03 billion, a P/E ratio of 12.70 and a beta of 1.51. Doman Building Materials Group has a 1-year low of C$8.34 and a 1-year high of C$11.99.

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

Insider Transactions at Doman Building Materials Group

In other Doman Building Materials Group news, insider Darren John Alexander Gwozd bought 5,200 shares of the firm’s stock in a transaction dated Thursday, May 14th. The stock was purchased at an average cost of C$10.35 per share, with a total value of C$53,820.00. Following the transaction, the insider directly owned 5,200 shares in the company, valued at C$53,820. This trade represents a ∞ increase in their position. 20.04% of the stock is owned by company insiders.

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.