Doman Building Materials Group (TSE:DBM) PT Raised to C$7.50 at National Bankshares

Doman Building Materials Group (TSE:DBMGet Rating) had its price target upped by stock analysts at National Bankshares from C$6.50 to C$7.50 in a note issued to investors on Thursday, BayStreet.CA reports. The firm presently has an “outperform” rating on the stock. National Bankshares’ target price indicates a potential upside of 6.99% from the stock’s current price.

Several other research firms have also weighed in on DBM. Raymond James cut their target price on shares of Doman Building Materials Group from C$7.50 to C$6.50 and set a “market perform” rating for the company in a report on Tuesday, November 8th. Canaccord Genuity Group cut their price objective on shares of Doman Building Materials Group from C$5.50 to C$5.00 in a report on Monday, November 7th. Stifel Nicolaus increased their target price on shares of Doman Building Materials Group from C$6.25 to C$6.50 in a research note on Monday, November 7th. Finally, CIBC dropped their target price on Doman Building Materials Group from C$7.50 to C$6.25 in a research report on Tuesday, October 4th. Four research analysts have rated the stock with a hold rating and one has issued a buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average price target of C$6.46.

Doman Building Materials Group Price Performance

Shares of DBM opened at C$7.01 on Thursday. The company has a market capitalization of C$609.77 million and a P/E ratio of 7.15. The business’s 50-day moving average is C$6.02 and its two-hundred day moving average is C$6.04. The company has a debt-to-equity ratio of 127.77, a quick ratio of 1.11 and a current ratio of 2.74. Doman Building Materials Group has a fifty-two week low of C$5.30 and a fifty-two week high of C$8.82.

Doman Building Materials Group (TSE:DBMGet Rating) last posted its earnings results on Thursday, November 3rd. The company reported C$0.13 EPS for the quarter, topping the consensus estimate of C$0.09 by C$0.04. The company had revenue of C$744.12 million for the quarter, compared to analyst estimates of C$658.23 million. Research analysts predict that Doman Building Materials Group will post 0.39 earnings per share for the current year.

Doman Building Materials Group Company Profile

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Doman Building Materials Group Ltd. distributes building materials and related products in Canada, the United States, and Hawai. It distributes a range of building materials, lumber, renovation, and electrical products. The company owns approximately 117,000 acres of private timberlands, and strategic licenses and tenures.

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Analyst Recommendations for Doman Building Materials Group (TSE:DBM)

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