Brokerages Set Doman Building Materials Group Ltd. (TSE:DBM) PT at C$10.47

Shares of Doman Building Materials Group Ltd. (TSE:DBM) have been assigned an average recommendation of “Buy” from the seven brokerages that are currently covering the firm, MarketBeat reports. One analyst has rated the stock with a hold rating, five have assigned a buy rating and one has assigned a strong buy rating to the company. The average twelve-month target price among analysts that have covered the stock in the last year is C$10.47.

Several research analysts have commented on DBM shares. Desjardins set a C$11.00 target price on shares of Doman Building Materials Group and gave the stock a “buy” rating in a report on Thursday, October 30th. Stifel Nicolaus upped their price target on shares of Doman Building Materials Group from C$11.00 to C$11.75 and gave the company a “buy” rating in a research report on Friday, February 6th. Finally, National Bank Financial raised their price objective 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.

Doman Building Materials Group Trading Up 1.1%

Shares of TSE DBM opened at C$10.11 on Friday. The company has a quick ratio of 1.11, a current ratio of 2.94 and a debt-to-equity ratio of 112.91. Doman Building Materials Group has a 12 month low of C$6.30 and a 12 month high of C$10.35. The company has a market cap of C$885.94 million, a price-to-earnings ratio of 11.49 and a beta of 1.26. The business has a fifty day simple moving average of C$9.74 and a 200-day simple moving average of C$9.39.

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.