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

Doman Building Materials Group Ltd. (TSE:DBM) has received an average rating of “Buy” from the five research firms that are covering the firm, Marketbeat Ratings reports. Five equities research analysts have rated the stock with a buy rating. The average twelve-month price target among brokers that have covered the stock in the last year is C$12.55.

Several brokerages have recently weighed in on DBM. Desjardins reduced their price objective on shares of Doman Building Materials Group from C$12.50 to C$12.00 and set a “buy” rating for the company in a research report on Tuesday, November 10th. National Bank Financial increased 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 research report on Wednesday, July 22nd. Finally, Raymond James Financial lifted their price target on shares of Doman Building Materials Group from C$12.00 to C$12.50 and gave the stock an “outperform” rating in a research note on Thursday, August 6th.

Doman Building Materials Group Stock Up 0.6%

DBM stock traded up C$0.06 during trading on Friday, hitting C$9.86. 151,036 shares of the company’s stock were exchanged, compared to its average volume of 125,561. The business has a 50-day moving average price of C$10.53 and a two-hundred day moving average price of C$10.54. The company has a current ratio of 3.13, a quick ratio of 1.11 and a debt-to-equity ratio of 138.40. The stock has a market capitalization of C$866.63 million, a price-to-earnings ratio of 10.06 and a beta of 1.47. Doman Building Materials Group has a 52-week low of C$8.66 and a 52-week high of C$11.99.

Doman Building Materials Group (TSE:DBM) last announced its quarterly earnings results on Friday, November 6th. The company reported C$0.23 EPS for the quarter. Doman Building Materials Group had a net margin of 2.72% and a return on equity of 12.58%. The company had revenue of C$841.66 million for the quarter. As a group, equities research analysts expect that Doman Building Materials Group will post 0.81 EPS for the current year.

Doman Building Materials Group Company Profile

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.