Doman Building Materials Group (TSE:DBM) Given New C$12.00 Price Target at Raymond James Financial

Doman Building Materials Group (TSE:DBM) had its price objective hoisted by investment analysts at Raymond James Financial from C$11.00 to C$12.00 in a report released on Monday,BayStreet.CA reports. The firm presently has a “strong-buy” rating on the stock. Raymond James Financial’s target price would indicate a potential upside of 24.35% from the company’s current price.

A number of other research analysts have also issued reports on the company. Desjardins lifted their target price 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. Stifel Nicolaus reduced their price target on shares of Doman Building Materials Group from C$11.75 to C$11.50 and set a “buy” rating for the company in a research report on Monday. One investment 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 company’s stock. Based on data from MarketBeat, Doman Building Materials Group presently has a consensus rating of “Buy” and an average target price of C$10.81.

Doman Building Materials Group Stock Down 2.0%

Shares of TSE DBM traded down C$0.20 during midday trading on Monday, hitting C$9.65. The company’s stock had a trading volume of 238,674 shares, compared to its average volume of 145,308. The company has a debt-to-equity ratio of 157.89, a current ratio of 3.22 and a quick ratio of 1.11. The firm has a market capitalization of C$845.63 million, a price-to-earnings ratio of 10.97 and a beta of 1.28. The business’s fifty day simple moving average is C$10.01 and its two-hundred day simple moving average is C$9.51. Doman Building Materials Group has a 1 year low of C$6.30 and a 1 year high of C$10.60.

Doman Building Materials Group (TSE:DBM) last released 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 net margin of 2.57% and a return on equity of 12.47%. The company had revenue of C$644.23 million for the quarter. On average, equities analysts predict 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.