Stifel Nicolaus Boosts Doman Building Materials Group (TSE:DBM) Price Target to C$12.00

Doman Building Materials Group (TSE:DBM) had its price target increased by Stifel Nicolaus from C$11.50 to C$12.00 in a report issued on Friday,BayStreet.CA reports. The brokerage presently has a “buy” rating on the stock. Stifel Nicolaus’ target price indicates a potential upside of 15.94% from the stock’s current price.

Several other equities analysts have also recently weighed in on the company. National Bank Financial lifted 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 Monday, March 9th. Raymond James Financial lifted their price objective on Doman Building Materials Group from C$11.00 to C$12.00 and gave the company a “strong-buy” rating in a report on Monday, March 9th. Desjardins lifted their price objective on Doman Building Materials Group from C$11.00 to C$12.00 and gave the company a “buy” rating in a report on Monday, March 9th. Finally, Royal Bank Of Canada lifted their price objective on Doman Building Materials Group from C$11.00 to C$12.00 and gave the company an “outperform” rating in a report on Thursday. One equities research analyst has rated the stock with a Strong Buy rating, five have given a Buy rating and one has issued a Hold rating to the company. According to data from MarketBeat.com, Doman Building Materials Group has an average rating of “Buy” and an average price target of C$11.13.

Doman Building Materials Group Stock Performance

TSE:DBM opened at C$10.35 on Friday. The stock has a market cap of C$908.35 million, a P/E ratio of 11.25 and a beta of 1.20. The stock has a 50 day simple moving average of C$9.92 and a 200 day simple moving average of C$9.51. The company has a current ratio of 3.22, a quick ratio of 1.11 and a debt-to-equity ratio of 157.89. Doman Building Materials Group has a 1-year low of C$6.68 and a 1-year high of C$10.60.

Doman Building Materials Group (TSE:DBM) last released its quarterly earnings results on Thursday, March 5th. The company reported C$0.13 earnings per share for the quarter. The business had revenue of C$644.23 million during the quarter. Doman Building Materials Group had a return on equity of 12.47% and a net margin of 2.57%. Research analysts anticipate 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.