Doman Building Materials Group Ltd. (DBM.TO) – What Are Researchers Saying About This Stock?

Shares of Doman Building Materials Group Ltd. (TSE:DBM) have been given a consensus recommendation of “Buy” by the five research firms that are covering the stock, MarketBeat reports. Five investment analysts have rated the stock with a buy recommendation. The average 1-year price objective among brokers that have covered the stock in the last year is C$12.65.

DBM has been the subject of a number of research reports. National Bank Financial upped their target price on shares of Doman Building Materials Group from C$13.50 to C$14.00 and gave the company an “outperform” rating in a report on Wednesday, July 22nd. Raymond James Financial raised their price target on Doman Building Materials Group from C$12.00 to C$12.50 and gave the stock an “outperform” rating in a report on Thursday, August 6th.

Doman Building Materials Group Stock Down 0.2%

DBM stock opened at C$9.99 on Wednesday. The company has a fifty day moving average price of C$10.73 and a 200 day moving average price of C$10.54. Doman Building Materials Group has a 12 month low of C$8.54 and a 12 month high of C$11.99. The company has a market cap of C$878.06 million, a price-to-earnings ratio of 10.41 and a beta of 1.60. The company has a debt-to-equity ratio of 153.48, a current ratio of 3.27 and a quick ratio of 1.11.

Doman Building Materials Group (TSE:DBM) last issued its quarterly earnings results on Wednesday, August 5th. The company reported C$0.36 earnings per share for the quarter. Doman Building Materials Group had a net margin of 2.71% and a return on equity of 12.64%. The firm had revenue of C$904.47 million during the quarter. Sell-side analysts expect that Doman Building Materials Group will post 0.81 earnings per share for the current year.

About Doman Building Materials Group

Founded in 1989, Doman is headquartered in Vancouver, British Columbia, and trades on the Toronto Stock Exchange under the symbol DBM. As Canadas premier national distributor in the building materials and related products sector, Doman operates several distinct divisions with multiple treating plants, planing and specialty facilities and distribution centres coast-to-coast in all major cities across Canada and coast-to-coast across the United States. Strategically located across Canada, Doman Building Materials Canada operates distribution centres coast-to-coast, and Doman Treated Wood Canada operates multiple treating plants near major cities.