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

Doman Building Materials Group Ltd. (TSE:DBM) has been given a consensus rating of “Buy” by the five analysts that are currently covering the company, MarketBeat.com reports. Five equities research analysts have rated the stock with a buy recommendation. The average 12-month target price among brokerages that have issued a report on the stock in the last year is C$12.65.

Several research firms recently commented on DBM. National Bank Financial upped their price target 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 note on Wednesday, July 22nd. Raymond James Financial raised 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 report on Thursday, August 6th.

Doman Building Materials Group Stock Down 1.7%

Doman Building Materials Group stock opened at C$10.09 on Wednesday. The company has a debt-to-equity ratio of 153.48, a current ratio of 3.27 and a quick ratio of 1.11. The company’s 50-day moving average is C$10.85 and its 200-day moving average is C$10.79. The firm has a market capitalization of C$886.85 million, a PE ratio of 10.51 and a beta of 1.60. Doman Building Materials Group has a fifty-two week low of C$8.47 and a fifty-two week high of C$11.99.

Doman Building Materials Group (TSE:DBM) last posted its quarterly earnings results on Wednesday, August 5th. The company reported C$0.36 earnings per share for the quarter. The business had revenue of C$904.47 million for the quarter. Doman Building Materials Group had a return on equity of 12.64% and a net margin of 2.71%. Sell-side analysts anticipate 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.