Doman Building Materials Group (TSE:DBM) PT Raised to C$11.50

Doman Building Materials Group (TSE:DBM) had its target price raised by equities research analysts at Raymond James from C$9.75 to C$11.50 in a note issued to investors on Wednesday, BayStreet.CA reports. The firm currently has a “strong-buy” rating on the stock. Raymond James’ price target suggests a potential upside of 30.24% from the company’s current price.

A number of other equities analysts also recently weighed in on the stock. CIBC lifted their target price on shares of Doman Building Materials Group from C$8.50 to C$9.00 and gave the stock an “outperform” rating in a research note on Wednesday. National Bankshares lowered their price objective on Doman Building Materials Group from C$10.50 to C$8.50 and set an “outperform” rating for the company in a research report on Tuesday, August 13th. Stifel Nicolaus upped their target price on Doman Building Materials Group from C$9.00 to C$9.25 and gave the company a “buy” rating in a research report on Wednesday. Finally, Royal Bank of Canada decreased their target price on Doman Building Materials Group from C$10.00 to C$9.00 in a research note on Thursday, July 11th. Five equities research analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Buy” and a consensus target price of C$9.71.

Doman Building Materials Group Trading Up 1.3 %

Shares of DBM stock opened at C$8.83 on Wednesday. Doman Building Materials Group has a 1-year low of C$6.32 and a 1-year high of C$8.83. The company has a current ratio of 3.78, a quick ratio of 1.11 and a debt-to-equity ratio of 132.33. The stock has a market cap of C$770.77 million, a price-to-earnings ratio of 12.26 and a beta of 1.52. The stock has a 50-day moving average of C$7.21 and a 200-day moving average of C$7.38.

Doman Building Materials Group (TSE:DBM) last released its earnings results on Friday, August 9th. The company reported C$0.20 earnings per share for the quarter, missing analysts’ consensus estimates of C$0.22 by C($0.02). Doman Building Materials Group had a net margin of 2.56% and a return on equity of 10.63%. The firm had revenue of C$689.83 million for the quarter, compared to analyst estimates of C$742.90 million. On average, equities research analysts forecast that Doman Building Materials Group will post 0.7751004 earnings per share for the current year.

Doman Building Materials Group Company Profile

Doman Building Materials Group Ltd., through its subsidiaries, engages in the wholesale distribution of building materials and home renovation products in the United States and Canada. The company offers treated wood; siding and trim; decking and aluminum railing; engineered wood products; roofing products; insulation and wrap products; and lumber and plywood products.