Doman Building Materials Group Ltd. (TSE:DBM) Stock Has Consensus Price Target of C$12.65

Key Points

• Analysts are bullish on Doman Building Materials Group: all five covering brokerages rate the stock “Buy,” with an average 12-month price target of C$12.65.
• National Bank Financial and Raymond James recently raised their price targets to C$14.00 and C$12.50, respectively, both maintaining outperform ratings.
• The shares opened at C$10.09, down 1.7%, while the company reported quarterly EPS of C$0.36 on revenue of C$904.47 million.

Doman Building Materials Group Ltd. (TSE:DBM - Get Free Report) has been given an average recommendation of "Buy" by the five brokerages that are covering the firm, Marketbeat Ratings reports. Five investment analysts have rated the stock with a buy recommendation. The average 1-year target price among brokerages that have updated their coverage on the stock in the last year is C$12.65.

DBM has been the subject of several research analyst reports. National Bank Financial boosted their price objective on Doman Building Materials Group from C$13.50 to C$14.00 and gave the company an "outperform" rating in a research report on Wednesday, July 22nd. Raymond James Financial raised their target price 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.

Doman Building Materials Group Stock Down 1.7%

Shares of TSE DBM opened at C$10.09 on Wednesday. The stock has a market cap of C$886.85 million, a P/E ratio of 10.51 and a beta of 1.60. The firm has a 50 day moving average price of C$10.85 and a 200 day moving average price of C$10.79. The company has a debt-to-equity ratio of 153.48, a quick ratio of 1.11 and a current ratio of 3.27. Doman Building Materials Group has a 52-week low of C$8.47 and a 52-week high of C$11.99.

Doman Building Materials Group (TSE:DBM - Get Free Report) last announced its quarterly earnings results on Wednesday, August 5th. The company reported C$0.36 earnings per share (EPS) for the quarter. The company had revenue of C$904.47 million during the quarter. Doman Building Materials Group had a return on equity of 12.64% and a net margin of 2.71%. Analysts expect that Doman Building Materials Group will post 0.81 EPS for the current 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.

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