Doman Building Materials Group (TSE:DBM) Given New C$11.00 Price Target at Canaccord Genuity Group

Doman Building Materials Group (TSE:DBM) had its price objective hoisted by analysts at Canaccord Genuity Group from C$9.00 to C$11.00 in a note issued to investors on Wednesday, BayStreet.CA reports. The firm currently has a “buy” rating on the stock. Canaccord Genuity Group’s target price indicates a potential upside of 29.26% from the stock’s previous close.

DBM has been the subject of a number of other reports. Stifel Nicolaus upped their price objective on Doman Building Materials Group from C$9.00 to C$9.25 and gave the stock a “buy” rating in a research note on Wednesday. Royal Bank of Canada lowered their price objective on shares of Doman Building Materials Group from C$10.00 to C$9.00 in a research note on Thursday, July 11th. CIBC upped their price target on Doman Building Materials Group from C$8.50 to C$9.00 and gave the company an “outperform” rating in a report on Wednesday. Raymond James increased their price objective on Doman Building Materials Group from C$9.75 to C$11.50 and gave the stock a “strong-buy” rating in a research note on Wednesday. Finally, National Bankshares lowered their price target on shares of Doman Building Materials Group from C$10.50 to C$8.50 and set an “outperform” rating on the stock in a report on Tuesday, August 13th. Five research analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of “Buy” and a consensus price target of C$9.71.

Doman Building Materials Group Stock Up 8.5 %

Shares of DBM stock traded up C$0.67 on Wednesday, hitting C$8.51. The stock had a trading volume of 1,065,280 shares, compared to its average volume of 190,708. Doman Building Materials Group has a 52-week low of C$6.32 and a 52-week high of C$8.64. The firm has a market capitalization of C$742.84 million, a price-to-earnings ratio of 11.82 and a beta of 1.52. 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 stock’s 50 day moving average is C$7.14 and its 200-day moving average is C$7.37.

Doman Building Materials Group (TSE:DBM) last released its quarterly 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). Doman Building Materials Group had a return on equity of 10.63% and a net margin of 2.56%. The company had revenue of C$689.83 million for the quarter, compared to analyst estimates of C$742.90 million. As a group, research analysts expect 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.