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

Doman Building Materials Group Ltd. (TSE:DBM) has earned an average rating of “Buy” from the seven ratings firms that are covering the company, MarketBeat reports. One analyst has rated the stock with a hold recommendation, five have assigned a buy recommendation and one has assigned a strong buy recommendation to the company. The average 12-month price target among brokers that have issued a report on the stock in the last year is C$10.81.

Several equities research analysts have issued reports on DBM shares. Stifel Nicolaus dropped their target price on shares of 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, March 9th. Desjardins increased their price target on shares of Doman Building Materials Group from C$11.00 to C$12.00 and gave the stock a “buy” rating in a report on Monday, March 9th. National Bank Financial raised their price objective 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, March 9th. Finally, Raymond James Financial lifted their price objective on shares of 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, March 9th.

Doman Building Materials Group Price Performance

Shares of TSE DBM opened at C$9.77 on Tuesday. The stock’s 50-day simple moving average is C$10.04 and its two-hundred day simple moving average is C$9.50. Doman Building Materials Group has a twelve month low of C$6.30 and a twelve month high of C$10.60. The firm has a market capitalization of C$856.15 million, a P/E ratio of 11.10 and a beta of 1.28. The company has a quick ratio of 1.11, a current ratio of 3.22 and a debt-to-equity ratio of 157.89.

Doman Building Materials Group (TSE:DBM) last issued its quarterly earnings results on Thursday, March 5th. The company reported C$0.13 earnings per share (EPS) for the quarter. Doman Building Materials Group had a return on equity of 12.47% and a net margin of 2.57%.The firm had revenue of C$644.23 million during the quarter. As a group, equities analysts anticipate that Doman Building Materials Group will post 0.8051471 EPS 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.