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

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

A number of research analysts recently commented on DBM shares. Stifel Nicolaus reduced 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. National Bankshares increased 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 report on Tuesday, October 28th. Finally, Desjardins set a C$11.00 price objective on shares of Doman Building Materials Group and gave the company a “buy” rating in a research note on Thursday, October 30th.

Doman Building Materials Group Stock Up 1.5%

DBM stock opened at C$10.15 on Monday. The company’s 50 day moving average is C$9.44 and its 200 day moving average is C$9.23. The stock has a market cap of C$889.44 million, a price-to-earnings ratio of 11.53 and a beta of 1.59. 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$10.24.

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