Stifel Nicolaus Increases Doman Building Materials Group (TSE:DBM) Price Target to C$9.25

Doman Building Materials Group (TSE:DBM) had its price target raised by equities research analysts at Stifel Nicolaus from C$9.00 to C$9.25 in a note issued to investors on Wednesday, BayStreet.CA reports. The firm presently has a “buy” rating on the stock. Stifel Nicolaus’ price objective points to a potential upside of 4.76% from the company’s current price.

A number of other research firms have also commented on DBM. National Bankshares dropped their price target on Doman Building Materials Group from C$10.50 to C$8.50 and set an “outperform” rating on the stock in a research report on Tuesday, August 13th. CIBC increased their target price on Doman Building Materials Group from C$8.50 to C$9.00 and gave the stock an “outperform” rating in a research note on Wednesday. Finally, Royal Bank of Canada cut their price target on shares of Doman Building Materials Group from C$10.00 to C$9.00 in a research note on Thursday, July 11th. Five investment analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat.com, the company currently has an average rating of “Buy” and an average target price of C$9.71.

Doman Building Materials Group Stock Up 1.3 %

Shares of TSE:DBM opened at C$8.83 on Wednesday. The company has a 50 day moving average price of C$7.21 and a two-hundred day moving average price of C$7.38. The company has a debt-to-equity ratio of 132.33, a quick ratio of 1.11 and a current ratio of 3.78. The company has a market capitalization of C$770.77 million, a PE ratio of 12.26 and a beta of 1.52. Doman Building Materials Group has a 52 week low of C$6.32 and a 52 week high of C$8.83.

Doman Building Materials Group (TSE:DBM) last released its quarterly earnings data on Friday, August 9th. The company reported C$0.20 EPS for the quarter, missing analysts’ consensus estimates of C$0.22 by C($0.02). The firm had revenue of C$689.83 million during the quarter, compared to the consensus estimate of C$742.90 million. Doman Building Materials Group had a net margin of 2.56% and a return on equity of 10.63%. Analysts forecast that Doman Building Materials Group will post 0.7751004 earnings per share for the current year.

About Doman Building Materials Group

Doman Building Materials Group Ltd., through its subsidiaries, engages in the wholesale distribution of building materials and home renovation products in the United States and Canada. The company offers treated wood; siding and trim; decking and aluminum railing; engineered wood products; roofing products; insulation and wrap products; and lumber and plywood products.