Doman Building Materials Group Ltd. (TSE:DBM) Given Consensus Rating of “Moderate Buy” by Analysts

Doman Building Materials Group Ltd. (TSE:DBM) has earned an average rating of “Moderate Buy” from the eight brokerages that are covering the stock, Marketbeat.com reports. Two investment analysts have rated the stock with a hold recommendation, five have issued a buy recommendation and one has issued a strong buy recommendation on the company. The average twelve-month price objective among brokers that have issued ratings on the stock in the last year is C$10.31.

A number of equities research analysts have issued reports on the stock. Desjardins set a C$11.00 price target on shares of Doman Building Materials Group and gave the stock a “buy” rating in a report on Thursday, October 30th. Stifel Nicolaus dropped their target price 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 report on Tuesday, October 7th. Finally, National Bankshares upped their price target on Doman Building Materials Group from C$10.50 to C$11.50 and gave the company an “outperform” rating in a research report on Tuesday, October 28th.

Doman Building Materials Group Price Performance

Shares of Doman Building Materials Group stock opened at C$9.53 on Thursday. The company has a debt-to-equity ratio of 112.91, a current ratio of 2.94 and a quick ratio of 1.11. Doman Building Materials Group has a one year low of C$6.30 and a one year high of C$10.04. The business’s 50 day simple moving average is C$9.05 and its two-hundred day simple moving average is C$9.08. The stock has a market capitalization of C$835.11 million, a P/E ratio of 10.83 and a beta of 1.46.

Doman Building Materials Group (TSE:DBM) last released 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 firm had revenue of C$795.09 million during the quarter. Analysts forecast that Doman Building Materials Group will post 0.8051471 EPS for the current 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. 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.