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

Key Points

• Doman Building Materials Group Ltd. (TSE:DBM) has received a consensus rating of "Moderate Buy" from eight analysts, with one strong buy and five buy recommendations.
• The average 12-month price target set by analysts for the stock is C$10.19, with recent adjustments from various analysts indicating increasing confidence.
• Doman Building Materials has a current market cap of C$852.14 million and shares recently opened at C$9.75, reflecting a 12-month high of C$9.96 and a low of C$6.30.

Shares of Doman Building Materials Group Ltd. (TSE:DBM - Get Free Report) have been given an average recommendation of "Moderate Buy" by the eight analysts that are presently covering the firm, Marketbeat.com reports. Two equities research analysts have rated the stock with a hold recommendation, five have given a buy recommendation and one has issued a strong buy recommendation on the company. The average 12-month price objective among analysts that have covered the stock in the last year is C$10.19.

Several equities research analysts have commented on the stock. Raymond James Financial raised their price target on shares of Doman Building Materials Group from C$10.00 to C$11.00 and gave the company a "strong-buy" rating in a research note on Thursday, August 7th. Canaccord Genuity Group dropped their price target on shares of Doman Building Materials Group from C$11.00 to C$10.00 in a research note on Monday, May 12th. Stifel Nicolaus raised their price target on shares of Doman Building Materials Group from C$8.00 to C$9.00 in a research note on Monday, May 12th. Finally, TD Securities raised their price target on shares of Doman Building Materials Group from C$10.00 to C$11.00 and gave the company a "buy" rating in a research note on Friday, August 8th.

Doman Building Materials Group Stock Performance

DBM traded up C$0.08 on Friday, hitting C$9.98. 156,103 shares of the company's stock were exchanged, compared to its average volume of 186,712. The firm has a market cap of C$872.25 million, a PE ratio of 15.43 and a beta of 1.53. Doman Building Materials Group has a twelve month low of C$6.30 and a twelve month high of C$10.04. The stock has a fifty day moving average of C$8.98 and a two-hundred day moving average of C$7.99. The company has a current ratio of 2.94, a quick ratio of 1.11 and a debt-to-equity ratio of 112.91.

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.