Doman Building Materials Group (TSE:DBM – Get Free Report) had its target price upped by analysts at National Bankshares from C$8.50 to C$12.00 in a research report issued to clients and investors on Monday, BayStreet.CA reports. The brokerage currently has an “outperform” rating on the stock. National Bankshares’ target price suggests a potential upside of 35.90% from the stock’s previous close.
Other research analysts also recently issued reports about the company. Raymond James upped their price target on Doman Building Materials Group from C$9.75 to C$11.50 and gave the stock a “strong-buy” rating in a research note on Wednesday, October 2nd. Royal Bank of Canada reduced their price target on shares of Doman Building Materials Group from C$10.00 to C$9.00 in a report on Thursday, July 11th. Stifel Nicolaus raised their price objective 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, October 2nd. Canaccord Genuity Group upped their price target on shares of Doman Building Materials Group from C$9.00 to C$11.00 and gave the company a “buy” rating in a research note on Wednesday, October 2nd. Finally, CIBC lifted their target price on Doman Building Materials Group from C$8.50 to C$9.00 and gave the stock an “outperform” rating in a report on Wednesday, October 2nd. Five investment analysts have rated the stock with a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, the stock currently has a consensus rating of “Buy” and a consensus target price of C$10.29.
Doman Building Materials Group Price Performance
Doman Building Materials Group (TSE:DBM – Get Free Report) last announced its quarterly earnings data on Friday, August 9th. The company reported C$0.20 EPS for the quarter, missing the consensus estimate of C$0.22 by C($0.02). The firm had revenue of C$689.83 million for the quarter, compared to the consensus estimate of C$742.90 million. Doman Building Materials Group had a net margin of 2.56% and a return on equity of 10.63%. Equities research analysts expect that Doman Building Materials Group will post 0.8051471 EPS for the current year.
About Doman Building Materials Group
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.
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