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

Key Points

• Doman Building Materials Group Ltd. has received a consensus rating of "Moderate Buy" from six brokerages, with an average twelve-month price target of C$10.00.
• Raymond James Financial and TD Securities raised their price objectives for the stock to C$11.00, while Stifel Nicolaus adjusted theirs down to C$10.50.
• As of the latest trading, shares of Doman Building Materials traded at C$8.58, reflecting a 2.7% decrease.

Doman Building Materials Group Ltd. (TSE:DBM - Get Free Report) has been given a consensus rating of "Moderate Buy" by the six brokerages that are covering the stock, MarketBeat Ratings reports. Two research analysts have rated the stock with a hold rating, three have given a buy rating and one has given a strong buy rating to the company. The average twelve-month price objective among brokers that have issued ratings on the stock in the last year is C$10.00.

DBM has been the topic of several research analyst reports. Raymond James Financial increased 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 research note on Thursday, August 7th. Stifel Nicolaus dropped their price objective on Doman Building Materials Group from C$12.00 to C$10.50 and set a "buy" rating on the stock in a research note on Tuesday. Finally, TD Securities increased 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 research note on Friday, August 8th.

Doman Building Materials Group Stock Down 2.7%

Shares of TSE:DBM opened at C$8.58 on Friday. Doman Building Materials Group has a 52-week low of C$6.30 and a 52-week high of C$10.04. The stock has a market cap of C$751.87 million, a P/E ratio of 10.09 and a beta of 1.32. The business's 50 day moving average is C$9.47 and its 200 day moving average is C$8.48. The company has a quick ratio of 1.11, a current ratio of 2.94 and a debt-to-equity ratio of 112.91.

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.

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