Stifel Nicolaus Issues Positive Forecast for Doman Building Materials Group (TSE:DBM) Stock Price

Doman Building Materials Group (TSE:DBM) had its price target hoisted by research analysts at Stifel Nicolaus from C$11.50 to C$12.00 in a note issued to investors on Friday,BayStreet.CA reports. The firm currently has a “buy” rating on the stock. Stifel Nicolaus’ price objective suggests a potential upside of 16.28% from the stock’s previous close.

DBM has been the subject of a number of other research reports. National Bank Financial increased their target price on shares of Doman Building Materials Group from C$12.00 to C$12.50 and gave the company an “outperform” rating in a research report on Monday, March 9th. Raymond James Financial increased their target price on shares of Doman Building Materials Group from C$11.00 to C$12.00 and gave the company a “strong-buy” rating in a research report on Monday, March 9th. Royal Bank Of Canada increased their target price on shares of Doman Building Materials Group from C$11.00 to C$12.00 and gave the company an “outperform” rating in a research report on Thursday. Finally, Desjardins upped their price target on shares of Doman Building Materials Group from C$11.00 to C$12.00 and gave the company a “buy” rating in a research note on Monday, March 9th. One equities research analyst has rated the stock with a Strong Buy rating, five have given a Buy rating and one has given a Hold rating to the company. According to MarketBeat, Doman Building Materials Group presently has a consensus rating of “Buy” and a consensus price target of C$11.13.

Doman Building Materials Group Stock Up 5.2%

TSE:DBM traded up C$0.51 during midday trading on Friday, reaching C$10.32. 192,414 shares of the stock traded hands, compared to its average volume of 133,770. Doman Building Materials Group has a 12-month low of C$6.68 and a 12-month high of C$10.60. The business has a 50-day moving average of C$9.92 and a two-hundred day moving average of C$9.50. The company has a debt-to-equity ratio of 157.89, a quick ratio of 1.11 and a current ratio of 3.22. The stock has a market capitalization of C$905.71 million, a PE ratio of 11.22 and a beta of 1.20.

Doman Building Materials Group (TSE:DBM) last posted its earnings results on Thursday, March 5th. The company reported C$0.13 EPS for the quarter. Doman Building Materials Group had a net margin of 2.57% and a return on equity of 12.47%. The company had revenue of C$644.23 million during the quarter. On average, equities analysts forecast that Doman Building Materials Group will post 0.8051471 earnings per share for the current fiscal year.

About Doman Building Materials Group

Doman Building Materials Group Ltd is a wholesale distributor of building materials and home renovation products. The company services the new home construction, home renovation and industrial markets by supplying the retail and wholesale lumber and building materials industry, hardware stores, industrial and furniture manufacturers and similar concerns. Its operations also include timber ownership and management of private timberlands and forest licenses, and agricultural post-peeling and pressure treating through CanWel Fibre Corp.