Doman Building Materials Group (TSE:DBM) Stock Price Target Cut by Desjardins

Doman Building Materials Group (TSE:DBM) had its price target dropped by research analysts at Desjardins from C$12.50 to C$12.00 in a research note issued to investors on Tuesday, BayStreet reports. The brokerage presently has a “buy” rating on the stock. Desjardins‘s price objective suggests a potential upside of 20.24% from the stock’s current price.

Several other analysts also recently weighed in on DBM. National Bank Financial lifted their target price on Doman Building Materials Group from C$13.50 to C$14.00 and gave the stock an “outperform” rating in a research report on Wednesday, July 22nd. Raymond James Financial upped their price target on shares of Doman Building Materials Group from C$12.00 to C$12.50 and gave the stock an “outperform” rating in a report on Thursday, August 6th. Five investment analysts have rated the stock with a Buy rating. According to data from MarketBeat.com, the stock currently has a consensus rating of “Buy” and an average target price of C$12.55.

Doman Building Materials Group Trading Up 1.6%

Shares of TSE DBM traded up C$0.16 during trading hours on Tuesday, hitting C$9.98. 107,170 shares of the company traded hands, compared to its average volume of 125,599. The stock has a market capitalization of C$877.18 million, a price-to-earnings ratio of 10.40 and a beta of 1.47. The company has a current ratio of 3.27, a quick ratio of 1.11 and a debt-to-equity ratio of 153.48. The company’s 50 day moving average price is C$10.58 and its 200 day moving average price is C$10.54. Doman Building Materials Group has a 12 month low of C$8.66 and a 12 month high of C$11.99.

Doman Building Materials Group (TSE:DBM) last posted its quarterly earnings data on Friday, November 6th. The company reported C$0.23 EPS for the quarter. Doman Building Materials Group had a net margin of 2.71% and a return on equity of 12.64%. The company had revenue of C$841.66 million during the quarter. On average, equities research analysts anticipate that Doman Building Materials Group will post 0.81 earnings per share for the current fiscal year.

About Doman Building Materials Group

Founded in 1989, Doman is headquartered in Vancouver, British Columbia, and trades on the Toronto Stock Exchange under the symbol DBM. As Canadas premier national distributor in the building materials and related products sector, Doman operates several distinct divisions with multiple treating plants, planing and specialty facilities and distribution centres coast-to-coast in all major cities across Canada and coast-to-coast across the United States. Strategically located across Canada, Doman Building Materials Canada operates distribution centres coast-to-coast, and Doman Treated Wood Canada operates multiple treating plants near major cities.