Brokerages Set Doman Building Materials Group Ltd. (TSE:DBM) Target Price at C$10.13

Key Points

• Doman Building Materials Group Ltd. has received an average recommendation of "Moderate Buy" from eight analysts, with ratings including two hold, five buy, and one strong buy.
• The average price target for Doman Building Materials Group over the next year is C$10.13, with recent adjustments from analysts reflecting price targets ranging from C$9.00 to C$10.00.
• The company's stock is currently valued at C$8.78 and has experienced a twelve-month low of C$6.30 and a high of C$9.96.

Shares of Doman Building Materials Group Ltd. (TSE:DBM - Get Free Report) have earned a consensus recommendation of "Moderate Buy" from the eight analysts that are currently covering the firm, Marketbeat reports. Two equities research analysts have rated the stock with a hold recommendation, five have given a buy recommendation and one has given a strong buy recommendation to the company. The average 12 month price objective among brokers that have issued a report on the stock in the last year is C$10.13.

A number of analysts have issued reports on DBM shares. CIBC lowered Doman Building Materials Group from an "outperform" rating to a "neutral" rating and set a C$7.50 target price on the stock. in a research report on Tuesday, April 22nd. Cibc World Mkts lowered shares of Doman Building Materials Group from a "strong-buy" rating to a "hold" rating in a research note on Tuesday, April 22nd. Royal Bank Of Canada lowered their target price on shares of Doman Building Materials Group from C$11.00 to C$10.00 and set an "outperform" rating on the stock in a research report on Tuesday, April 22nd. Canaccord Genuity Group reduced their price target on Doman Building Materials Group from C$11.00 to C$10.00 in a research note on Monday, May 12th. Finally, TD Securities boosted their price target on Doman Building Materials Group from C$9.50 to C$10.00 in a report on Monday, May 12th.

Doman Building Materials Group Stock Performance

TSE DBM traded down C$0.07 during trading hours on Monday, reaching C$8.55. The stock had a trading volume of 33,526 shares, compared to its average volume of 187,496. The stock has a market cap of C$747.26 million, a P/E ratio of 13.21 and a beta of 1.53. The stock has a fifty day moving average of C$8.62 and a 200 day moving average of C$7.80. Doman Building Materials Group has a 52-week low of C$6.30 and a 52-week high of C$9.96. The company has a debt-to-equity ratio of 112.91, a quick ratio of 1.11 and a current ratio of 2.94.

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.