Stifel Nicolaus Forecasts Strong Price Appreciation for Doman Building Materials Group (TSE:DBM) Stock

Doman Building Materials Group (TSE:DBM) had its price target boosted by analysts at Stifel Nicolaus from C$11.00 to C$12.00 in a research note issued on Monday,BayStreet.CA reports. Stifel Nicolaus’ target price would suggest a potential upside of 24.35% from the stock’s previous close.

A number of other research analysts also recently commented on the company. TD Securities increased their target price on Doman Building Materials Group from C$11.50 to C$12.00 in a research report on Tuesday, October 22nd. National Bankshares increased their target price on Doman Building Materials Group from C$8.50 to C$12.00 and gave the company an “outperform” rating in a research report on Monday, October 7th. Canaccord Genuity Group raised their price target on Doman Building Materials Group from C$9.00 to C$11.00 and gave the stock a “buy” rating in a research report on Wednesday, October 2nd. CIBC raised their price target on Doman Building Materials Group from C$8.50 to C$9.00 and gave the stock an “outperform” rating in a research report on Wednesday, October 2nd. Finally, Raymond James raised 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 report on Wednesday, October 2nd. Five analysts have rated the stock with a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat, Doman Building Materials Group presently has a consensus rating of “Buy” and a consensus target price of C$10.93.

Doman Building Materials Group Stock Down 1.2 %

TSE DBM opened at C$9.65 on Monday. The company has a debt-to-equity ratio of 132.33, a quick ratio of 1.11 and a current ratio of 3.78. The company has a market capitalization of C$842.35 million, a P/E ratio of 13.57 and a beta of 1.53. Doman Building Materials Group has a one year low of C$6.32 and a one year high of C$9.83. The stock has a 50 day moving average price of C$8.59 and a 200-day moving average price of C$7.58.

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.