Doman Building Materials Group Ltd. (TSE:DBM) Receives C$10.31 Consensus Price Target from Brokerages

Shares of Doman Building Materials Group Ltd. (TSE:DBM) have been given an average rating of “Moderate Buy” by the eight analysts that are covering the company, MarketBeat reports. Two equities research analysts have rated the stock with a hold recommendation, five have given a buy recommendation and one has issued a strong buy recommendation on the company. The average 12 month price target among analysts that have issued a report on the stock in the last year is C$10.31.

DBM has been the topic of a number of research analyst reports. Stifel Nicolaus decreased their target price on Doman Building Materials Group from C$12.00 to C$10.50 and set a “buy” rating on the stock in a research report on Tuesday, October 7th. National Bankshares boosted their price objective 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. 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 report on Thursday, October 30th.

Doman Building Materials Group Stock Up 1.3%

Shares of TSE DBM opened at C$10.31 on Monday. The stock has a market capitalization of C$903.47 million, a price-to-earnings ratio of 11.72 and a beta of 1.59. Doman Building Materials Group has a 52 week low of C$6.30 and a 52 week high of C$10.35. The firm has a 50-day moving average price of C$9.49 and a 200 day moving average price of C$9.25. 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 (TSE:DBM) last issued its earnings results on Thursday, November 6th. The company reported C$0.21 earnings per share (EPS) for the quarter. The company 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%. Equities research 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.