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

Shares of Doman Building Materials Group Ltd. (TSE:DBM) have earned a consensus rating of “Buy” from the seven analysts that are covering the company, MarketBeat Ratings reports. One analyst has rated the stock with a hold rating, five have assigned a buy rating and one has assigned a strong buy rating to the company. The average 12 month price objective among analysts that have issued a report on the stock in the last year is C$10.47.

Several equities analysts have recently commented on DBM shares. Stifel Nicolaus boosted their price objective on Doman Building Materials Group from C$11.00 to C$11.75 and gave the company a “buy” rating in a research report on Friday, February 6th. Desjardins set a C$11.00 target price on Doman Building Materials Group and gave the company a “buy” rating in a research note on Thursday, October 30th. Finally, National Bank Financial upped their price target on Doman Building Materials Group from C$10.50 to C$11.50 and gave the stock an “outperform” rating in a research note on Tuesday, October 28th.

Doman Building Materials Group Price Performance

TSE DBM opened at C$10.00 on Friday. The company has a current ratio of 2.94, a quick ratio of 1.11 and a debt-to-equity ratio of 112.91. Doman Building Materials Group has a 12 month low of C$6.30 and a 12 month high of C$10.35. The stock has a market cap of C$876.30 million, a price-to-earnings ratio of 11.36 and a beta of 1.26. The company’s 50 day moving average is C$9.73 and its two-hundred day moving average is C$9.37.

Doman Building Materials Group (TSE:DBM) last announced its quarterly earnings data on Thursday, November 6th. The company reported C$0.21 earnings per share (EPS) for the quarter. The firm had revenue of C$795.09 million during the quarter. Doman Building Materials Group had a net margin of 2.27% and a return on equity of 9.41%. As a group, research analysts anticipate that Doman Building Materials Group will post 0.8051471 earnings per share for the current year.

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.