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

Doman Building Materials Group (TSE:DBM) had its price objective boosted by stock analysts at Stifel Nicolaus from C$9.00 to C$9.25 in a research report issued to clients and investors on Wednesday, BayStreet.CA reports. The brokerage presently has a “buy” rating on the stock. Stifel Nicolaus’ price target suggests a potential upside of 4.76% from the stock’s previous close.

Other equities analysts also recently issued research reports about the company. Royal Bank of Canada lowered their price target on Doman Building Materials Group from C$10.00 to C$9.00 in a research report on Thursday, July 11th. CIBC boosted 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 report on Wednesday. Finally, National Bankshares cut their price target on Doman Building Materials Group from C$10.50 to C$8.50 and set an “outperform” rating for the company in a report on Tuesday, August 13th. Five equities research analysts have rated the stock with a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Buy” and a consensus price target of C$9.71.

Doman Building Materials Group Stock Up 1.3 %

DBM stock opened at C$8.83 on Wednesday. Doman Building Materials Group has a twelve month low of C$6.32 and a twelve month high of C$8.83. The company has a market cap of C$770.77 million, a price-to-earnings ratio of 12.26 and a beta of 1.52. The company has a quick ratio of 1.11, a current ratio of 3.78 and a debt-to-equity ratio of 132.33. The business has a 50 day moving average price of C$7.21 and a two-hundred day moving average price of C$7.38.

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