National Bank Financial Issues Positive Forecast for Doman Building Materials Group (TSE:DBM) Stock Price

Doman Building Materials Group (TSE:DBM) had its price target boosted by National Bank Financial from C$12.00 to C$12.50 in a report issued on Monday,BayStreet.CA reports. National Bank Financial currently has an outperform rating on the stock.

Other equities research analysts have also issued research reports about the stock. Desjardins raised their target price on shares of Doman Building Materials Group from C$11.00 to C$12.00 and gave the stock a “buy” rating in a report on Monday. Raymond James Financial increased their price objective 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 research report on Monday. Finally, Stifel Nicolaus decreased their price objective on shares of Doman Building Materials Group from C$11.75 to C$11.50 and set a “buy” rating for the company in a research note on Monday. One equities research analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating and one has given a Hold rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Buy” and a consensus price target of C$10.81.

Doman Building Materials Group Stock Performance

TSE:DBM opened at C$9.81 on Monday. The stock’s fifty day moving average is C$10.02 and its 200 day moving average is C$9.51. 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 firm has a market capitalization of C$859.65 million, a PE ratio of 11.15 and a beta of 1.28. The company has a debt-to-equity ratio of 157.89, a quick ratio of 1.11 and a current ratio of 3.22.

Doman Building Materials Group (TSE:DBM) last posted its quarterly earnings data on Thursday, March 5th. The company reported C$0.13 EPS for the quarter. Doman Building Materials Group had a net margin of 2.57% and a return on equity of 12.47%. The company had revenue of C$644.23 million during the quarter. On average, sell-side analysts anticipate that Doman Building Materials Group will post 0.8051471 earnings per share 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.