Doman Building Materials Group (TSE:DBM) Price Target Raised to C$13.50 at National Bank Financial

Doman Building Materials Group (TSE:DBM) had its price target raised by stock analysts at National Bank Financial from C$12.50 to C$13.50 in a note issued to investors on Tuesday,BayStreet.CA reports. The brokerage presently has an “outperform” rating on the stock. National Bank Financial’s target price points to a potential upside of 31.71% from the stock’s current price.

DBM has been the topic of several other reports. Royal Bank Of Canada lifted their price target 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. Desjardins lifted their price target on shares of Doman Building Materials Group from C$11.00 to C$12.00 and gave the stock a “buy” rating in a research note on Monday, March 9th. Stifel Nicolaus raised their target price on shares of Doman Building Materials Group from C$11.50 to C$12.00 and gave the stock a “buy” rating in a report on Friday, April 17th. Finally, Raymond James Financial raised their target price on shares of 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. One equities research analyst has rated the stock with a Strong Buy rating and five have issued a Buy rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of “Buy” and an average price target of C$12.21.

Doman Building Materials Group Price Performance

DBM traded down C$0.14 on Tuesday, reaching C$10.25. The company had a trading volume of 110,646 shares, compared to its average volume of 131,034. The business has a 50 day simple moving average of C$9.89 and a 200 day simple moving average of C$9.65. The company has a market cap of C$899.57 million, a price-to-earnings ratio of 11.14 and a beta of 1.28. The company has a debt-to-equity ratio of 175.88, a quick ratio of 1.11 and a current ratio of 3.94. Doman Building Materials Group has a 52-week low of C$8.10 and a 52-week high of C$10.75.

Doman Building Materials Group (TSE:DBM) last announced its earnings results on Friday, May 8th. The company reported C$0.27 earnings per share for the quarter. The business 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%. As a group, sell-side analysts anticipate that Doman Building Materials Group will post 0.8051471 EPS 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.