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

Doman Building Materials Group (TSE:DBM) had its target price increased by investment analysts at Stifel Nicolaus from C$11.00 to C$11.75 in a research report issued on Friday,BayStreet.CA reports. The brokerage presently has a “buy” rating on the stock. Stifel Nicolaus’ price target would indicate a potential upside of 15.20% from the stock’s previous close.

Other equities analysts have also recently issued reports about the company. Desjardins set a C$11.00 price objective on Doman Building Materials Group and gave the company a “buy” rating in a report on Thursday, October 30th. National Bankshares boosted their price target on Doman Building Materials Group from C$10.50 to C$11.50 and gave the company an “outperform” rating in a research note on Tuesday, October 28th. One analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating and one has assigned a Hold rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of “Buy” and an average target price of C$10.47.

Doman Building Materials Group Trading Up 4.2%

DBM stock opened at C$10.20 on Friday. Doman Building Materials Group has a one year low of C$6.30 and a one year high of C$10.35. The stock has a market cap of C$893.83 million, a price-to-earnings ratio of 11.59 and a beta of 1.26. The company has a fifty day moving average price of C$9.67 and a two-hundred day moving average price of C$9.34. The company has a debt-to-equity ratio of 112.91, a current ratio of 2.94 and a quick ratio of 1.11.

Doman Building Materials Group (TSE:DBM) last issued its quarterly earnings data on Thursday, November 6th. The company reported C$0.21 earnings per share (EPS) for the quarter. The company had revenue of C$795.09 million during the quarter. Doman Building Materials Group had a return on equity of 9.41% and a net margin of 2.27%. Equities analysts anticipate that Doman Building Materials Group will post 0.8051471 EPS 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.