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

Shares of Doman Building Materials Group Ltd. (TSE:DBM) have been given an average recommendation of “Moderate Buy” by the eight brokerages that are presently covering the firm, MarketBeat.com reports. Two analysts have rated the stock with a hold recommendation, five have given a buy recommendation and one has assigned a strong buy recommendation to the company. The average twelve-month price objective among brokers that have issued ratings on the stock in the last year is C$10.13.

A number of brokerages recently issued reports on DBM. CIBC cut shares of Doman Building Materials Group from an “outperform” rating to a “neutral” rating and set a C$7.50 target price for the company. in a research report on Tuesday, April 22nd. Canaccord Genuity Group cut their target price on shares of Doman Building Materials Group from C$11.00 to C$10.00 in a research note on Monday, May 12th. Stifel Nicolaus increased their price target on Doman Building Materials Group from C$8.00 to C$9.00 in a research report on Monday, May 12th. TD Securities raised their price target on Doman Building Materials Group from C$9.50 to C$10.00 in a report on Monday, May 12th. Finally, Royal Bank Of Canada reduced their price objective on Doman Building Materials Group from C$11.00 to C$10.00 and set an “outperform” rating on the stock in a research note on Tuesday, April 22nd.

Doman Building Materials Group Price Performance

DBM opened at C$8.78 on Thursday. The stock has a fifty day moving average price of C$8.18 and a 200 day moving average price of C$7.78. The company has a current ratio of 2.94, a quick ratio of 1.11 and a debt-to-equity ratio of 112.91. Doman Building Materials Group has a 1 year low of C$6.30 and a 1 year high of C$9.96. The stock has a market cap of C$767.37 million, a price-to-earnings ratio of 13.57 and a beta of 1.53.

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.