Doman Building Materials Group Ltd. (TSE:DBM) Receives C$10.13 Average PT from Brokerages

Shares of Doman Building Materials Group Ltd. (TSE:DBM) have been assigned a consensus recommendation of “Moderate Buy” from the eight research firms that are covering the firm, Marketbeat Ratings reports. Two 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 twelve-month price target among analysts that have covered the stock in the last year is C$10.13.

DBM has been the subject of a number of research reports. Cibc World Mkts downgraded Doman Building Materials Group from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, April 22nd. CIBC downgraded Doman Building Materials Group from an “outperform” rating to a “neutral” rating and set a C$7.50 target price for the company. in a research report on Tuesday, April 22nd. Canaccord Genuity Group decreased their price target on Doman Building Materials Group from C$11.00 to C$10.00 in a report on Monday, May 12th. Royal Bank Of Canada decreased their price target on Doman Building Materials Group from C$11.00 to C$10.00 and set an “outperform” rating on the stock in a report on Tuesday, April 22nd. Finally, 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.

Doman Building Materials Group Trading Up 0.8%

Shares of DBM opened at C$8.82 on Thursday. 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 current ratio of 2.94, a quick ratio of 1.11 and a debt-to-equity ratio of 112.91. The firm has a market capitalization of C$770.86 million, a P/E ratio of 13.63 and a beta of 1.53. The stock’s fifty day simple moving average is C$8.26 and its 200 day simple moving average is C$7.77.

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.