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

Doman Building Materials Group Ltd. (TSE:DBM - Get Free Report) has been given an average rating of "Moderate Buy" by the eight brokerages that are covering the stock, MarketBeat Ratings reports. Two equities research analysts have rated the stock with a hold recommendation, five have given a buy recommendation and one has assigned a strong buy recommendation to the company. The average twelve-month price target among analysts that have updated their coverage on the stock in the last year is C$10.13.

A number of equities research analysts recently weighed in on DBM shares. Stifel Nicolaus raised their price target on Doman Building Materials Group from C$8.00 to C$9.00 in a report on Monday, May 12th. CIBC cut Doman Building Materials Group from an "outperform" rating to a "neutral" rating and set a C$7.50 price target for the company. in a 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 report on Tuesday, April 22nd. Canaccord Genuity Group lowered their price objective on shares of Doman Building Materials Group from C$11.00 to C$10.00 in a research report on Monday, May 12th. Finally, Royal Bank Of Canada reduced 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.

Doman Building Materials Group Price Performance

Shares of TSE DBM traded down C$0.03 during mid-day trading on Thursday, hitting C$8.75. 98,476 shares of the stock were exchanged, compared to its average volume of 204,225. Doman Building Materials Group has a twelve month low of C$6.30 and a twelve month high of C$9.96. The stock's fifty day simple moving average is C$8.18 and its two-hundred day simple moving average is C$7.78. The company has a debt-to-equity ratio of 112.91, a quick ratio of 1.11 and a current ratio of 2.94. The company has a market cap of C$764.74 million, a P/E ratio of 13.52 and a beta of 1.53.

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.