Doman Building Materials Group Ltd. (TSE:DBM) Receives Average Rating of “Moderate Buy” from Analysts

Shares of Doman Building Materials Group Ltd. (TSE:DBM) have earned a consensus recommendation of “Moderate Buy” from the eight research firms that are covering the company, Marketbeat reports. Two research analysts have rated the stock with a hold rating, five have assigned a buy rating and one has given a strong buy rating to the company. The average 12 month price objective among brokers that have covered the stock in the last year is C$10.31.

Several equities research analysts have weighed in on DBM shares. Desjardins set a C$11.00 price target on Doman Building Materials Group and gave the stock a “buy” rating in a report on Thursday, October 30th. Stifel Nicolaus lowered their target price on shares of Doman Building Materials Group from C$12.00 to C$10.50 and set a “buy” rating for the company in a research note on Tuesday, October 7th. Finally, 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 research note on Tuesday, October 28th.

Doman Building Materials Group Price Performance

Shares of DBM opened at C$9.53 on Thursday. The company has a 50 day moving average of C$9.10 and a two-hundred day moving average of C$9.11. The company has a quick ratio of 1.11, a current ratio of 2.94 and a debt-to-equity ratio of 112.91. Doman Building Materials Group has a twelve month low of C$6.30 and a twelve month high of C$10.04. The company has a market cap of C$835.11 million, a price-to-earnings ratio of 10.83 and a beta of 1.46.

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