Doman Building Materials Group Ltd. (TSE:DBM) Receives Average Rating of “Moderate Buy” from Brokerages

Doman Building Materials Group Ltd. (TSE:DBM) has been given a consensus recommendation of “Moderate Buy” by the eight analysts that are currently covering the stock, MarketBeat.com reports. Two research analysts have rated the stock with a hold recommendation, five have assigned a buy recommendation and one has issued a strong buy recommendation on the company. The average 12-month price objective among analysts that have covered the stock in the last year is C$10.19.

Several equities analysts have commented on DBM shares. Stifel Nicolaus increased their price target on Doman Building Materials Group from C$8.00 to C$9.00 in a report on Monday, May 12th. TD Securities increased their price target on Doman Building Materials Group from C$10.00 to C$11.00 and gave the company a “buy” rating in a report on Friday, August 8th. Canaccord Genuity Group lowered their price target on Doman Building Materials Group from C$11.00 to C$10.00 in a report on Monday, May 12th. Finally, Raymond James Financial increased their price target on 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.

Doman Building Materials Group Price Performance

Shares of DBM opened at C$9.75 on Friday. Doman Building Materials Group has a twelve month low of C$6.30 and a twelve month high of C$9.96. The company has a debt-to-equity ratio of 112.91, a quick ratio of 1.11 and a current ratio of 2.94. The firm’s 50 day moving average price is C$8.88 and its 200 day moving average price is C$7.93. The firm has a market cap of C$852.14 million, a PE ratio of 15.07 and a beta of 1.53.

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.