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

Doman Building Materials Group Ltd. (TSE:DBM) has been assigned a consensus rating of “Buy” from the seven ratings firms that are presently covering the stock, MarketBeat reports. One equities research analyst has rated the stock with a hold recommendation, five have assigned a buy recommendation and one has issued a strong buy recommendation on the company. The average 12 month price target among analysts that have covered the stock in the last year is C$10.47.

Several analysts have recently issued reports on DBM shares. Desjardins set a C$11.00 price objective on Doman Building Materials Group and gave the stock a “buy” rating in a report on Thursday, October 30th. National Bank Financial upped their price target 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. Finally, Stifel Nicolaus increased their price objective on shares of Doman Building Materials Group from C$11.00 to C$11.75 and gave the company a “buy” rating in a research report on Friday, February 6th.

Doman Building Materials Group Trading Down 0.5%

Shares of DBM stock opened at C$10.00 on Friday. The company has a current ratio of 2.94, a quick ratio of 1.11 and a debt-to-equity ratio of 112.91. The stock has a market capitalization of C$876.30 million, a price-to-earnings ratio of 11.36 and a beta of 1.26. Doman Building Materials Group has a 12-month low of C$6.30 and a 12-month high of C$10.35. The stock’s 50-day moving average price is C$9.73 and its 200-day moving average price is C$9.37.

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