Doman Building Materials Group (TSE:DBM) Sets New 1-Year High – Here’s What Happened

Doman Building Materials Group Ltd. (TSE:DBM) hit a new 52-week high on Friday . The stock traded as high as C$10.00 and last traded at C$9.99, with a volume of 170331 shares. The stock had previously closed at C$9.86.

Analyst Upgrades and Downgrades

DBM has been the subject of a number of analyst reports. Stifel Nicolaus cut their price objective on shares of Doman Building Materials Group from C$12.00 to C$10.50 and set a “buy” rating for the company in a research report on Tuesday, October 7th. Desjardins set a C$11.00 price target on shares of Doman Building Materials Group and gave the stock a “buy” rating in a report on Thursday, October 30th. Finally, National Bankshares raised their price objective on shares of Doman Building Materials Group from C$10.50 to C$11.50 and gave the company an “outperform” rating in a research report on Tuesday, October 28th. One equities research analyst has rated the stock with a Strong Buy rating, five have given a Buy rating and two have issued a Hold rating to the company’s stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of C$10.31.

Doman Building Materials Group Stock Performance

The stock’s 50-day moving average price is C$9.33 and its 200-day moving average price is C$9.19. The company has a market capitalization of C$879.81 million, a price-to-earnings ratio of 11.41 and a beta of 1.59. The company has a debt-to-equity ratio of 112.91, a quick ratio of 1.11 and a current ratio of 2.94.

Doman Building Materials Group (TSE:DBM) last released its quarterly earnings data on Thursday, November 6th. The company reported C$0.21 earnings per share for the quarter. The firm 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%. As a group, equities research analysts expect that Doman Building Materials Group Ltd. 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.