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

Doman Building Materials Group Ltd. (TSE:DBM) has earned a consensus recommendation of “Moderate Buy” from the eight research firms that are covering the company, MarketBeat.com reports. Two investment 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 12 month target price among brokers that have covered the stock in the last year is C$10.31.

DBM has been the topic of a number of research reports. National Bankshares lifted their target price 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. Stifel Nicolaus decreased their price target on 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, Desjardins set a C$11.00 target price on shares of Doman Building Materials Group and gave the company a “buy” rating in a research note on Thursday, October 30th.

Doman Building Materials Group Price Performance

Shares of TSE:DBM opened at C$10.23 on Monday. The firm has a market capitalization of C$896.45 million, a price-to-earnings ratio of 11.63 and a beta of 1.59. The company’s fifty day moving average price is C$9.36 and its 200-day moving average price is C$9.21. The company has a debt-to-equity ratio of 112.91, a current ratio of 2.94 and a quick ratio of 1.11. Doman Building Materials Group has a one year low of C$6.30 and a one year high of C$10.24.

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