Doman Building Materials Group Ltd. (TSE:DBM) Receives C$10.13 Consensus Target Price from Brokerages

Shares of Doman Building Materials Group Ltd. (TSE:DBM - Get Free Report) have earned an average rating of "Moderate Buy" from the eight ratings firms that are currently covering the company, MarketBeat Ratings reports. Two analysts have rated the stock with a hold rating, five have issued a buy rating and one has assigned a strong buy rating to the company. The average 12-month target price among analysts that have updated their coverage on the stock in the last year is C$10.13.

DBM has been the topic of a number of research analyst reports. TD Securities increased their price objective on shares of Doman Building Materials Group from C$9.50 to C$10.00 in a research report on Monday, May 12th. Stifel Nicolaus increased their price objective on shares of Doman Building Materials Group from C$8.00 to C$9.00 in a research report on Monday, May 12th. 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. Cibc World Mkts downgraded shares of Doman Building Materials Group from a "strong-buy" rating to a "hold" rating in a research report on Tuesday, April 22nd. Finally, CIBC downgraded shares of Doman Building Materials Group from an "outperform" rating to a "neutral" rating and set a C$7.50 price target on the stock. in a research report on Tuesday, April 22nd.

Doman Building Materials Group Stock Performance

Doman Building Materials Group stock traded up C$0.07 during midday trading on Thursday, reaching C$8.82. 120,892 shares of the company traded hands, compared to its average volume of 203,574. The firm has a market capitalization of C$770.86 million, a price-to-earnings ratio of 13.63 and a beta of 1.53. The business has a 50 day moving average of C$8.26 and a two-hundred day moving average of C$7.76. Doman Building Materials Group has a 12 month low of C$6.30 and a 12 month high of C$9.96. The company has a debt-to-equity ratio of 112.91, a current ratio of 2.94 and a quick ratio of 1.11.

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.