Doman Building Materials Group (TSE:DBM – Get Free Report) 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.
View Our Latest Analysis on Doman Building Materials Group
Doman Building Materials Group Stock Up 8.5 %
Doman Building Materials Group (TSE:DBM – Get Free Report) 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.
See Also
- Five stocks we like better than Doman Building Materials Group
- How to Read Stock Charts for Beginners
- S&P 500 Hitting Resistance: These 3 Stocks Offer the Best Upside
- 3 Best Fintech Stocks for a Portfolio Boost
- Nike’s Post-Earnings Drop Presents a Buying Opportunity
- 3 Tickers Leading a Meme Stock Revival
- Microsoft’s Targeted Upside Might Be Too Good to Ignore
Receive News & Ratings for Doman Building Materials Group Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Doman Building Materials Group and related companies with MarketBeat.com's FREE daily email newsletter.