Doman Building Materials Group (TSE:DBM) Given New C$12.00 Price Target at Desjardins

Doman Building Materials Group (TSE:DBM) had its price objective reduced by research analysts at Desjardins from C$12.50 to C$12.00 in a report issued on Tuesday, BayStreet reports. The firm presently has a “buy” rating on the stock. Desjardins‘s target price would indicate a potential upside of 20.24% from the company’s previous close.

A number of other analysts have also recently weighed in on the stock. National Bank Financial raised their price target on shares of Doman Building Materials Group from C$13.50 to C$14.00 and gave the company an “outperform” rating in a report on Wednesday, July 22nd. Raymond James Financial increased their price objective on Doman Building Materials Group from C$12.00 to C$12.50 and gave the company an “outperform” rating in a report on Thursday, August 6th. Five equities research analysts have rated the stock with a Buy rating. According to MarketBeat, Doman Building Materials Group presently has an average rating of “Buy” and a consensus price target of C$12.55.

Doman Building Materials Group Stock Up 1.6%

TSE DBM traded up C$0.16 during trading on Tuesday, reaching C$9.98. 107,170 shares of the company’s stock traded hands, compared to its average volume of 125,599. Doman Building Materials Group has a 12-month low of C$8.66 and a 12-month high of C$11.99. The company has a debt-to-equity ratio of 153.48, a current ratio of 3.27 and a quick ratio of 1.11. The firm has a market cap of C$877.18 million, a price-to-earnings ratio of 10.40 and a beta of 1.47. The company’s 50 day simple moving average is C$10.58 and its two-hundred day simple moving average is C$10.54.

Doman Building Materials Group (TSE:DBM) last released its quarterly earnings data on Friday, November 6th. The company reported C$0.23 earnings per share (EPS) for the quarter. The firm had revenue of C$841.66 million for the quarter. Doman Building Materials Group had a net margin of 2.71% and a return on equity of 12.64%. As a group, sell-side analysts forecast that Doman Building Materials Group will post 0.81 EPS for the current fiscal year.

About Doman Building Materials Group

Founded in 1989, Doman is headquartered in Vancouver, British Columbia, and trades on the Toronto Stock Exchange under the symbol DBM. As Canadas premier national distributor in the building materials and related products sector, Doman operates several distinct divisions with multiple treating plants, planing and specialty facilities and distribution centres coast-to-coast in all major cities across Canada and coast-to-coast across the United States. Strategically located across Canada, Doman Building Materials Canada operates distribution centres coast-to-coast, and Doman Treated Wood Canada operates multiple treating plants near major cities.