Doman Building Materials Group (TSE:DBM) Given New C$11.50 Price Target at Raymond James

Doman Building Materials Group (TSE:DBM) had its price objective hoisted by stock analysts at Raymond James from C$9.75 to C$11.50 in a report released on Wednesday, BayStreet.CA reports. The brokerage currently has a “strong-buy” rating on the stock. Raymond James’ price target indicates a potential upside of 35.14% from the stock’s previous close.

Several other equities analysts also recently commented on the stock. National Bankshares lowered their target price 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 research report on Tuesday, August 13th. Stifel Nicolaus lifted their price objective on Doman Building Materials Group from C$9.00 to C$9.25 and gave the company a “buy” rating in a report on Wednesday. CIBC boosted their price target on shares of Doman Building Materials Group from C$8.50 to C$9.00 and gave the company an “outperform” rating in a research report on Wednesday. Finally, Royal Bank of Canada dropped their target price on shares of Doman Building Materials Group from C$10.00 to C$9.00 in a research note on Thursday, July 11th. Five analysts have rated the stock with a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, the stock has a consensus rating of “Buy” and a consensus price target of C$9.71.

Doman Building Materials Group Price Performance

Shares of Doman Building Materials Group stock traded up C$0.67 on Wednesday, hitting C$8.51. The company 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 company has a market cap of C$742.84 million, a PE ratio of 11.82 and a beta of 1.52. The business has a 50-day simple moving average of C$7.14 and a 200-day simple moving average of C$7.37. The company has a debt-to-equity ratio of 132.33, a current ratio of 3.78 and a quick ratio of 1.11.

Doman Building Materials Group (TSE:DBM) last issued its earnings results on Friday, August 9th. The company reported C$0.20 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of C$0.22 by C($0.02). The company had revenue of C$689.83 million during 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%. Research analysts expect 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.