Doman Building Materials Group Ltd. (TSE:DBM) Given Consensus Rating of "Moderate Buy" by Brokerages

Key Points

• Doman Building Materials Group Ltd. has received a consensus rating of "Moderate Buy" from eight research firms, with a price target of C$10.19.
• Analysts from Raymond James Financial and TD Securities recently increased their price objectives for the stock from C$10.00 to C$11.00, emphasizing a "strong-buy" and "buy" rating, respectively.
• The company's stock opened at C$9.78, with a market cap of C$857.03 million and a 52-week trading range between C$6.30 and C$10.04.

Shares of Doman Building Materials Group Ltd. (TSE:DBM - Get Free Report) have received an average rating of "Moderate Buy" from the eight research firms that are currently covering the firm, MarketBeat Ratings reports. Two equities research analysts have rated the stock with a hold recommendation, five have issued a buy recommendation and one has issued a strong buy recommendation on the company. The average 1-year price objective among brokers that have issued ratings on the stock in the last year is C$10.19.

DBM has been the subject of a number of research analyst reports. Raymond James Financial upped their price objective on Doman Building Materials Group from C$10.00 to C$11.00 and gave the stock a "strong-buy" rating in a report on Thursday, August 7th. TD Securities upped their price objective on Doman Building Materials Group from C$10.00 to C$11.00 and gave the stock a "buy" rating in a report on Friday, August 8th.

Doman Building Materials Group Trading Up 0.7%

DBM stock opened at C$9.78 on Tuesday. The company has a market cap of C$857.03 million, a price-to-earnings ratio of 11.51 and a beta of 1.36. The company has a quick ratio of 1.11, a current ratio of 2.94 and a debt-to-equity ratio of 112.91. The business has a fifty day simple moving average of C$9.25 and a 200-day simple moving average of C$8.19. Doman Building Materials Group has a 52 week low of C$6.30 and a 52 week high of C$10.04.

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.