Doman Building Materials Group Ltd. (TSE:DBM) Given Average Recommendation of “Moderate Buy” by Analysts

Doman Building Materials Group Ltd. (TSE:DBM) has received a consensus recommendation of “Moderate Buy” from the eight analysts that are currently covering the company, MarketBeat reports. Two equities research analysts have rated the stock with a hold recommendation, five have assigned a buy recommendation and one has given a strong buy recommendation to the company. The average 1 year target price among brokers that have issued a report on the stock in the last year is C$10.31.

DBM has been the topic of several analyst reports. National Bankshares upped their price target on shares of Doman Building Materials Group from C$10.50 to C$11.50 and gave the company an “outperform” rating in a report on Tuesday, October 28th. Stifel Nicolaus cut their target price on Doman Building Materials Group from C$12.00 to C$10.50 and set a “buy” rating on the stock in a research note on Tuesday, October 7th. TD Securities increased their price target on Doman Building Materials Group from C$10.00 to C$11.00 and gave the stock a “buy” rating in a report on Friday, August 8th. Desjardins set a C$11.00 price objective on Doman Building Materials Group and gave the company a “buy” rating in a report on Thursday, October 30th. Finally, Raymond James Financial upped their price objective on Doman Building Materials Group from C$10.00 to C$11.00 and gave the company a “strong-buy” rating in a research report on Thursday, August 7th.

Doman Building Materials Group Stock Up 1.2%

Shares of DBM opened at C$9.59 on Friday. The company has a quick ratio of 1.11, a current ratio of 2.94 and a debt-to-equity ratio of 112.91. The business has a fifty day moving average of C$8.93 and a 200 day moving average of C$8.96. The company has a market cap of C$840.37 million, a PE ratio of 10.90 and a beta of 1.44. Doman Building Materials Group has a 52-week low of C$6.30 and a 52-week high of C$10.04.

Doman Building Materials Group (TSE:DBM) last posted its quarterly earnings data on Thursday, November 6th. The company reported C$0.21 earnings per share for the quarter. The business had revenue of C$795.09 million for the quarter. Doman Building Materials Group had a net margin of 2.27% and a return on equity of 9.41%. On average, sell-side analysts expect that Doman Building Materials Group will post 0.8051471 EPS for the current year.

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.