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

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 Ratings reports. Two investment analysts have rated the stock with a hold rating, five have given a buy rating and one has assigned a strong buy rating to the company. The average twelve-month target price among brokerages that have updated their coverage on the stock in the last year is C$10.31.

A number of analysts recently commented on the company. National Bankshares lifted their price objective on 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. Stifel Nicolaus lowered their price target on shares of Doman Building Materials Group from C$12.00 to C$10.50 and set a “buy” rating for the company in a research report on Tuesday, October 7th. TD Securities boosted their price target on shares of Doman Building Materials Group from C$10.00 to C$11.00 and gave the stock a “buy” rating in a research note on Friday, August 8th. Raymond James Financial raised their price objective on shares of Doman Building Materials Group from C$10.00 to C$11.00 and gave the company a “strong-buy” rating in a research note on Thursday, August 7th. Finally, Desjardins set a C$11.00 target price on shares of Doman Building Materials Group and gave the stock a “buy” rating in a report on Thursday, October 30th.

Doman Building Materials Group Stock Performance

DBM stock opened at C$9.24 on Friday. The company has a 50 day moving average price of C$8.92 and a 200 day moving average price of C$8.98. Doman Building Materials Group has a fifty-two week low of C$6.30 and a fifty-two week high of C$10.04. The company has a debt-to-equity ratio of 112.91, a current ratio of 2.94 and a quick ratio of 1.11. The stock has a market capitalization of C$809.70 million, a PE ratio of 10.50 and a beta of 1.44.

Doman Building Materials Group (TSE:DBM) last released its earnings results on Thursday, November 6th. The company reported C$0.21 EPS for the quarter. The company had revenue of C$795.09 million during the quarter. Doman Building Materials Group had a return on equity of 9.41% and a net margin of 2.27%. 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.