Analysts Set Doman Building Materials Group Ltd. (TSE:DBM) Price Target at C$10.31

Doman Building Materials Group Ltd. (TSE:DBM) has been assigned an average recommendation of “Moderate Buy” from the eight brokerages that are covering the stock, MarketBeat.com reports. Two research analysts have rated the stock with a hold recommendation, five have issued a buy recommendation and one has given a strong buy recommendation to the company. The average 1-year price objective among brokers that have issued a report on the stock in the last year is C$10.31.

A number of equities analysts recently issued reports on DBM shares. National Bankshares upped their price target 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 note on Tuesday, October 28th. Raymond James Financial increased their price target 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 report on Thursday, August 7th. Desjardins set a C$11.00 price target on shares of Doman Building Materials Group and gave the company a “buy” rating in a research report on Thursday, October 30th. TD Securities upped their price objective on Doman Building Materials Group from C$10.00 to C$11.00 and gave the company a “buy” rating in a research report on Friday, August 8th. Finally, Stifel Nicolaus cut 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 note on Tuesday, October 7th.

Doman Building Materials Group Trading Up 0.3%

TSE:DBM opened at C$9.36 on Friday. 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 company’s 50-day simple moving average is C$8.92 and its 200 day simple moving average is C$8.98. Doman Building Materials Group has a one year low of C$6.30 and a one year high of C$10.04. The firm has a market capitalization of C$820.22 million, a P/E ratio of 10.64 and a beta of 1.44.

Doman Building Materials Group (TSE:DBM) last posted its quarterly earnings data 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 company had revenue of C$795.09 million during the quarter. As a group, analysts forecast that Doman Building Materials Group will post 0.8051471 EPS for the current fiscal 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.