Raymond James 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 Raymond James Financial from C$11.00 to C$12.00 in a research report sent to investors on Monday,BayStreet.CA reports. They currently have a strong-buy rating on the stock.

A number of other analysts have also recently commented on the company. Desjardins lifted their price target on Doman Building Materials Group from C$11.00 to C$12.00 and gave the stock a “buy” rating in a research report on Monday. Stifel Nicolaus cut their price objective on Doman Building Materials Group from C$11.75 to C$11.50 and set a “buy” rating on the stock in a report on Monday. One research 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. According to data from MarketBeat, Doman Building Materials Group has an average rating of “Buy” and a consensus price target of C$10.81.

Doman Building Materials Group Trading Down 0.4%

TSE DBM opened at C$9.81 on Monday. The company has a fifty day simple moving average of C$10.02 and a two-hundred day simple moving average of C$9.51. The stock has a market cap of C$859.65 million, a P/E ratio of 11.15 and a beta of 1.28. Doman Building Materials Group has a 12-month low of C$6.30 and a 12-month high of C$10.60. 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 (TSE:DBM) last announced its quarterly earnings data on Thursday, March 5th. The company reported C$0.13 earnings per share for the quarter. Doman Building Materials Group had a net margin of 2.57% and a return on equity of 12.47%. The firm had revenue of C$644.23 million for the quarter. On average, analysts forecast 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.