Doman Building Materials Group Ltd. (TSE:DBM) Receives C$10.81 Average Target Price from Analysts

Doman Building Materials Group Ltd. (TSE:DBM) has earned an average recommendation of “Buy” from the seven ratings firms that are currently covering the firm, MarketBeat.com reports. One equities research analyst has 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 12 month price objective among brokers that have covered the stock in the last year is C$10.81.

Several research firms recently weighed in on DBM. Raymond James Financial upped their price objective on shares of Doman Building Materials Group from C$11.00 to C$12.00 and gave the stock a “strong-buy” rating in a report on Monday. National Bank Financial boosted their price target on shares of Doman Building Materials Group from C$12.00 to C$12.50 and gave the stock an “outperform” rating in a research report on Monday. Stifel Nicolaus reduced their price target on shares of Doman Building Materials Group from C$11.75 to C$11.50 and set a “buy” rating for the company in a research note on Monday. Finally, Desjardins increased their price objective on shares of Doman Building Materials Group from C$11.00 to C$12.00 and gave the company a “buy” rating in a report on Monday.

Doman Building Materials Group Stock Performance

Shares of DBM stock opened at C$9.52 on Tuesday. Doman Building Materials Group has a 12-month low of C$6.30 and a 12-month high of C$10.60. The company has a debt-to-equity ratio of 157.89, a current ratio of 3.22 and a quick ratio of 1.11. The firm has a market capitalization of C$834.24 million, a price-to-earnings ratio of 10.82 and a beta of 1.28. The business has a 50 day simple moving average of C$10.03 and a 200 day simple moving average of C$9.51.

Doman Building Materials Group (TSE:DBM) last announced its quarterly earnings results on Thursday, March 5th. The company reported C$0.13 earnings per share (EPS) for the quarter. Doman Building Materials Group had a return on equity of 12.47% and a net margin of 2.57%.The company had revenue of C$644.23 million during the quarter. On average, equities research analysts anticipate 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.