Doman Building Materials Group Ltd. (TSE:DBM) Stock Rated “Buy” by Sell-Side Analysts

Doman Building Materials Group Ltd. (TSE:DBM) has earned an average recommendation of “Buy” from the five research firms that are currently covering the firm, Marketbeat Ratings reports. Five equities research analysts have rated the stock with a buy recommendation. The average twelve-month price target among analysts that have covered the stock in the last year is C$12.55.

A number of research analysts recently issued reports on the stock. National Bank Financial lifted their price target on shares of Doman Building Materials Group from C$13.50 to C$14.00 and gave the stock an “outperform” rating in a research note on Wednesday, July 22nd. Raymond James 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 report on Thursday, August 6th. Finally, Desjardins dropped their price objective on shares of Doman Building Materials Group from C$12.50 to C$12.00 and set a “buy” rating on the stock in a research report on Tuesday, November 10th.

Doman Building Materials Group Stock Up 0.6%

TSE:DBM traded up C$0.06 during midday trading on Friday, reaching C$9.86. The company had a trading volume of 151,036 shares, compared to its average volume of 125,561. Doman Building Materials Group has a 12-month low of C$8.66 and a 12-month high of C$11.99. The firm has a market capitalization of C$866.63 million, a price-to-earnings ratio of 10.06 and a beta of 1.47. The company has a current ratio of 3.13, a quick ratio of 1.11 and a debt-to-equity ratio of 138.40. The stock’s fifty day simple moving average is C$10.53 and its 200-day simple moving average is C$10.54.

Doman Building Materials Group (TSE:DBM) last announced its quarterly earnings data on Friday, November 6th. The company reported C$0.23 earnings per share (EPS) for the quarter. Doman Building Materials Group had a return on equity of 12.58% and a net margin of 2.72%. The business had revenue of C$841.66 million during the quarter. On average, sell-side analysts anticipate that Doman Building Materials Group will post 0.81 earnings per share for the current fiscal year.

About Doman Building Materials Group

Founded in 1989, Doman is headquartered in Vancouver, British Columbia, and trades on the Toronto Stock Exchange under the symbol DBM. As Canadas premier national distributor in the building materials and related products sector, Doman operates several distinct divisions with multiple treating plants, planing and specialty facilities and distribution centres coast-to-coast in all major cities across Canada and coast-to-coast across the United States. Strategically located across Canada, Doman Building Materials Canada operates distribution centres coast-to-coast, and Doman Treated Wood Canada operates multiple treating plants near major cities.