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

Shares of Doman Building Materials Group Ltd. (TSE:DBM) have been given an average rating of “Moderate Buy” by the eight brokerages that are presently covering the stock, MarketBeat Ratings reports. Two analysts have rated the stock with a hold rating, five have assigned a buy rating and one has assigned 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.

A number of research analysts have recently commented on DBM shares. Stifel Nicolaus lowered their target price 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. Desjardins set a C$11.00 price objective on Doman Building Materials Group and gave the company a “buy” rating in a research report on Thursday, October 30th. Finally, National Bankshares upped their target price on shares of Doman Building Materials Group from C$10.50 to C$11.50 and gave the stock an “outperform” rating in a research report on Tuesday, October 28th.

Doman Building Materials Group Price Performance

Shares of TSE DBM opened at C$9.53 on Thursday. Doman Building Materials Group has a 1 year low of C$6.30 and a 1 year high of C$10.04. The stock has a market capitalization of C$835.11 million, a P/E ratio of 10.83 and a beta of 1.46. The company’s 50-day moving average is C$9.05 and its 200 day moving average is C$9.08. 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 (TSE:DBM) last issued its quarterly earnings data on Thursday, November 6th. The company reported C$0.21 EPS for the quarter. The business had revenue of C$795.09 million during the quarter. Doman Building Materials Group had a net margin of 2.27% and a return on equity of 9.41%. On average, sell-side analysts expect that Doman Building Materials Group will post 0.8051471 earnings per share for the current 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.