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

Shares of Doman Building Materials Group Ltd. (TSE:DBM) have been given a consensus recommendation of “Moderate Buy” by the six analysts that are currently covering the firm, MarketBeat.com reports. Two analysts have rated the stock with a hold rating, three have issued a buy rating and one has issued a strong buy rating on the company. The average 1-year price target among brokers that have updated their coverage on the stock in the last year is C$10.00.

A number of analysts have weighed in on DBM shares. Stifel Nicolaus lowered their target price on 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. TD Securities upped their target price on Doman Building Materials Group from C$10.00 to C$11.00 and gave the stock a “buy” rating in a report on Friday, August 8th. Finally, Raymond James Financial increased their price objective 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 Stock Down 2.7%

Doman Building Materials Group stock opened at C$8.58 on Friday. The business has a fifty day moving average of C$9.47 and a two-hundred day moving average of C$8.48. The company has a quick ratio of 1.11, a current ratio of 2.94 and a debt-to-equity ratio of 112.91. The firm has a market cap of C$751.87 million, a P/E ratio of 10.09 and a beta of 1.32. Doman Building Materials Group has a twelve month low of C$6.30 and a twelve month high of C$10.04.

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.