Doman Building Materials Group (TSE:DBM) Given New C$11.50 Price Target at Stifel Nicolaus

Doman Building Materials Group (TSE:DBM) had its price objective trimmed by Stifel Nicolaus from C$11.75 to C$11.50 in a report published on Monday morning,BayStreet.CA reports. The firm currently has a buy rating on the stock.

Separately, Desjardins boosted their price target on shares of Doman Building Materials Group from C$11.00 to C$12.00 and gave the company a “buy” rating in a research report on Monday. One investment 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, the company presently has a consensus rating of “Buy” and an average target price of C$10.81.

Doman Building Materials Group Price Performance

TSE:DBM opened at C$9.81 on Monday. Doman Building Materials Group has a one year low of C$6.30 and a one year high of C$10.60. The stock has a market cap 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. The stock has a 50 day moving average price of C$10.02 and a 200 day moving average price of C$9.51.

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