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

Doman Building Materials Group (TSE:DBM) had its price target upped by Desjardins from C$11.00 to C$12.00 in a research note issued to investors on Monday morning,BayStreet.CA reports. Desjardins currently has a buy rating on the stock.

Separately, Stifel Nicolaus boosted their target price on Doman Building Materials Group from C$11.00 to C$11.75 and gave the stock a “buy” rating in a research report on Friday, February 6th. One analyst has rated the stock with a Strong Buy rating, five have assigned a Buy rating and one has assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, Doman Building Materials Group currently has an average rating of “Buy” and an average price target of C$10.81.

Doman Building Materials Group Stock Down 0.4%

Shares of TSE:DBM opened at C$9.81 on Monday. Doman Building Materials Group has a fifty-two week low of C$6.30 and a fifty-two week high of C$10.60. The company has a quick ratio of 1.11, a current ratio of 3.22 and a debt-to-equity ratio of 157.89. The firm’s 50-day simple moving average is C$10.02 and its 200-day simple moving average is C$9.51. The company has a market cap of C$859.65 million, a price-to-earnings ratio of 11.15 and a beta of 1.28.

Doman Building Materials Group (TSE:DBM) last posted its quarterly earnings results on Thursday, March 5th. The company reported C$0.13 earnings per share (EPS) for the quarter. The firm had revenue of C$644.23 million during the quarter. Doman Building Materials Group had a net margin of 2.57% and a return on equity of 12.47%. As a group, equities research analysts predict that Doman Building Materials Group will post 0.8051471 earnings per share for the current year.

Doman Building Materials Group Company Profile

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.