Doman Building Materials Group (TSE:DBM) Price Target Raised to C$12.00 at National Bankshares

Doman Building Materials Group (TSE:DBM - Get Free Report) had its price objective lifted by investment analysts at National Bankshares from C$8.50 to C$12.00 in a note issued to investors on Monday, BayStreet.CA reports. The firm currently has an "outperform" rating on the stock. National Bankshares' price objective would suggest a potential upside of 35.14% from the stock's previous close.

A number of other brokerages also recently weighed in on DBM. Stifel Nicolaus boosted their target price 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, October 2nd. Royal Bank of Canada cut their target price on Doman Building Materials Group from C$10.00 to C$9.00 in a research note on Thursday, July 11th. Raymond James boosted their target price 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, October 2nd. CIBC upped their price objective on Doman Building Materials Group from C$8.50 to C$9.00 and gave the company an "outperform" rating in a research note on Wednesday, October 2nd. Finally, Canaccord Genuity Group upped their price objective on Doman Building Materials Group from C$9.00 to C$11.00 and gave the company a "buy" rating in a research note on Wednesday, October 2nd. Five analysts have rated the stock with a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, Doman Building Materials Group currently has a consensus rating of "Buy" and an average target price of C$10.29.

Doman Building Materials Group Trading Up 1.4 %

Shares of DBM stock traded up C$0.12 during mid-day trading on Monday, hitting C$8.88. The company's stock had a trading volume of 278,693 shares, compared to its average volume of 196,564. The company's fifty day simple moving average is C$7.28 and its 200-day simple moving average is C$7.39. Doman Building Materials Group has a 52 week low of C$6.32 and a 52 week high of C$8.88. 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 cap of C$775.14 million, a PE ratio of 12.33 and a beta of 1.53.

Doman Building Materials Group (TSE:DBM - Get Free Report) last issued its earnings results 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). Doman Building Materials Group had a net margin of 2.56% and a return on equity of 10.63%. The firm had revenue of C$689.83 million during the quarter, compared to the consensus estimate of C$742.90 million. As a group, equities research analysts expect that Doman Building Materials Group will post 0.8051471 earnings per share for the current fiscal year.

Doman Building Materials Group Company Profile

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.