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

Shares of Doman Building Materials Group Ltd. (TSE:DBM) have been assigned an average rating of “Buy” from the seven research firms that are currently covering the firm, Marketbeat.com reports. One equities research analyst has rated the stock with a hold rating, five have issued a buy rating and one has issued a strong buy rating on the company. The average 1-year price objective among brokerages that have covered the stock in the last year is C$10.81.

DBM has been the topic of several research reports. Desjardins upped their price target on Doman Building Materials Group from C$11.00 to C$12.00 and gave the company a “buy” rating in a research note on Monday. Stifel Nicolaus lowered their price objective on Doman Building Materials Group from C$11.75 to C$11.50 and set a “buy” rating for the company in a research report on Monday. Raymond James Financial boosted their price objective on Doman Building Materials Group from C$11.00 to C$12.00 and gave the stock a “strong-buy” rating in a report on Monday. Finally, National Bank Financial upped their target price on shares of Doman Building Materials Group from C$12.00 to C$12.50 and gave the company an “outperform” rating in a research report on Monday.

Doman Building Materials Group Stock Performance

DBM stock opened at C$9.81 on Tuesday. The company has a 50 day moving average price of C$10.02 and a 200 day moving average price of C$9.51. Doman Building Materials Group has a fifty-two week low of C$6.30 and a fifty-two week high of C$10.60. The company has a debt-to-equity ratio of 157.89, a current ratio of 3.22 and a quick ratio of 1.11. The stock has a market capitalization of C$859.65 million, a PE ratio of 11.15 and a beta of 1.28.

Doman Building Materials Group (TSE:DBM) last announced its quarterly earnings data on Thursday, March 5th. The company reported C$0.13 EPS for the quarter. The firm had revenue of C$644.23 million for the quarter. Doman Building Materials Group had a return on equity of 12.47% and a net margin of 2.57%. Analysts forecast 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. 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.