National Bank Financial Forecasts Strong Price Appreciation for Doman Building Materials Group (TSE:DBM) Stock

Doman Building Materials Group (TSE:DBM) had its price target lifted by research analysts at National Bank Financial from C$13.50 to C$14.00 in a report released on Wednesday,BayStreet.CA reports. The firm currently has an “outperform” rating on the stock. National Bank Financial’s target price would indicate a potential upside of 21.21% from the company’s previous close.

A number of other brokerages also recently weighed in on DBM. Desjardins boosted their price objective on shares of Doman Building Materials Group from C$12.00 to C$12.50 and gave the company a “buy” rating in a research report on Tuesday, May 12th. Stifel Nicolaus increased their price objective on shares of Doman Building Materials Group from C$12.00 to C$12.25 and gave the stock a “buy” rating in a research note on Tuesday, May 12th. Finally, Royal Bank Of Canada raised their target price on shares of Doman Building Materials Group from C$11.00 to C$12.00 and gave the stock an “outperform” rating in a report on Thursday, April 16th. One research analyst has rated the stock with a Strong Buy rating and five have given a Buy rating to the company’s stock. According to data from MarketBeat, the stock presently has an average rating of “Buy” and an average price target of C$12.29.

Doman Building Materials Group Stock Performance

Doman Building Materials Group stock opened at C$11.55 on Wednesday. The company has a debt-to-equity ratio of 175.88, a current ratio of 3.94 and a quick ratio of 1.11. Doman Building Materials Group has a 12 month low of C$8.34 and a 12 month high of C$11.99. The company has a fifty day moving average price of C$11.01 and a two-hundred day moving average price of C$10.34. The company has a market cap of C$1.01 billion, a PE ratio of 12.55 and a beta of 1.51.

Doman Building Materials Group (TSE:DBM) last issued its earnings results on Friday, May 8th. The company reported C$0.27 earnings per share for the quarter. Doman Building Materials Group had a net margin of 2.61% and a return on equity of 12.52%. The company had revenue of C$761.97 million for the quarter. Research analysts expect that Doman Building Materials Group will post 0.8051471 earnings per share for the current year.

Insider Activity

In other news, insider Darren John Alexander Gwozd purchased 5,200 shares of the stock in a transaction dated Thursday, May 14th. The stock was acquired at an average price of C$10.35 per share, for a total transaction of C$53,820.00. Following the completion of the transaction, the insider owned 5,200 shares of the company’s stock, valued at approximately C$53,820. The trade was a ∞ increase in their ownership of the stock. Company insiders own 20.04% of the company’s stock.

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.