Doman Building Materials Group (TSE:DBM) Price Target Raised to C$12.50

Key Points

• Raymond James raised Doman Building Materials Group’s price target to C$12.50 from C$12.00 and maintained an “outperform” rating, implying 10.72% upside. Analysts overall have a consensus “Buy” rating and an average target of C$12.38.
• Doman shares fell 4.5% to C$11.29 during Thursday trading, despite trading volume exceeding its average. The stock remains near its 52-week high of C$11.99 and has a market capitalization of approximately C$990.8 million.
• The company reported quarterly EPS of C$0.36 on revenue of C$904.47 million, with a 2.61% net margin and 12.52% return on equity. Insider Darren Gwozd also purchased 5,200 shares, while insiders collectively own 20.04% of the company.

Doman Building Materials Group (TSE:DBM - Get Free Report) had its target price raised by investment analysts at Raymond James Financial from C$12.00 to C$12.50 in a research report issued to clients and investors on Thursday,BayStreet.CA reports. The brokerage presently has an "outperform" rating on the stock. Raymond James Financial's price target would indicate a potential upside of 10.72% from the stock's current price.

DBM has been the topic of a number of other reports. National Bank Financial increased their price objective on shares of Doman Building Materials Group from C$13.50 to C$14.00 and gave the company an "outperform" rating in a research note on Wednesday, July 22nd. Desjardins increased their price target on shares of Doman Building Materials Group from C$12.00 to C$12.50 and gave the stock a "buy" rating in a research report on Tuesday, May 12th. Royal Bank Of Canada boosted their price objective on Doman Building Materials Group from C$11.00 to C$12.00 and gave the company an "outperform" rating in a report on Thursday, April 16th. Finally, Stifel Nicolaus increased their target price on Doman Building Materials Group from C$12.00 to C$12.25 and gave the stock a "buy" rating in a report on Tuesday, May 12th. Six analysts have rated the stock with a Buy rating, Based on data from MarketBeat.com, the company currently has an average rating of "Buy" and a consensus price target of C$12.38.

Doman Building Materials Group Stock Down 4.5%

Shares of Doman Building Materials Group stock traded down C$0.53 during trading hours on Thursday, hitting C$11.29. 272,462 shares of the company's stock traded hands, compared to its average volume of 125,072. The stock has a 50 day simple moving average of C$11.21 and a 200-day simple moving average of C$10.45. The company has a quick ratio of 1.11, a current ratio of 3.94 and a debt-to-equity ratio of 175.88. The company has a market cap of C$990.84 million, a PE ratio of 12.27 and a beta of 1.51. Doman Building Materials Group has a twelve month low of C$8.47 and a twelve month high of C$11.99.

Doman Building Materials Group (TSE:DBM - Get Free Report) last released its quarterly earnings results on Wednesday, August 5th. The company reported C$0.36 EPS for the quarter. Doman Building Materials Group had a return on equity of 12.52% and a net margin of 2.61%.The business had revenue of C$904.47 million for the quarter. Equities research analysts anticipate that Doman Building Materials Group will post 0.8051471 earnings per share for the current fiscal year.

Insider Buying and Selling

In other Doman Building Materials Group news, insider Darren John Alexander Gwozd bought 5,200 shares of the stock in a transaction that occurred on Thursday, May 14th. The shares were purchased at an average cost of C$10.35 per share, for a total transaction of C$53,820.00. Following the transaction, the insider directly owned 5,200 shares in the company, valued at C$53,820. The trade was a ∞ increase in their ownership of the stock. 20.04% of the stock is currently owned by corporate insiders.

Doman Building Materials Group Company Profile

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.

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