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

Shares of Doman Building Materials Group Ltd. (TSE:DBM) have been given an average rating of “Moderate Buy” by the eight research firms that are currently covering the company, Marketbeat.com reports. Two equities research analysts have rated the stock with a hold recommendation, five have issued a buy recommendation and one has assigned a strong buy recommendation to the company. The average 12-month price objective among brokerages that have covered the stock in the last year is C$10.13.

Several equities research analysts have weighed in on DBM shares. 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. Cibc World Mkts downgraded Doman Building Materials Group from a “strong-buy” rating to a “hold” rating in a report on Tuesday, April 22nd. Royal Bank Of Canada decreased their target price on Doman Building Materials Group from C$11.00 to C$10.00 and set an “outperform” rating for the company in a 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 report on Tuesday, April 22nd. Finally, Stifel Nicolaus lifted their target price on Doman Building Materials Group from C$8.00 to C$9.00 in a report on Monday, May 12th.

Doman Building Materials Group Price Performance

Shares of TSE DBM opened at C$8.82 on Thursday. 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 company has a market cap of C$770.86 million, a PE ratio of 13.63 and a beta of 1.53. The business has a 50-day simple moving average of C$8.26 and a two-hundred day simple moving average of C$7.77. Doman Building Materials Group has a fifty-two week low of C$6.30 and a fifty-two week high of C$9.96.

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.