Doman Building Materials Group Ltd. (TSE:DBM – Get Rating) has earned an average rating of "Hold" from the seven analysts that are presently covering the company, MarketBeat reports. Three analysts have rated the stock with a hold rating and one has assigned a buy rating to the company. The average 12 month price target among brokers that have issued ratings on the stock in the last year is C$7.11.

DBM has been the subject of several research reports. National Bankshares decreased their price objective on shares of Doman Building Materials Group from C$11.00 to C$7.00 and set an "outperform" rating for the company in a research note on Monday, August 8th. Raymond James cut shares of Doman Building Materials Group from an "outperform" rating to a "market perform" rating and decreased their price objective for the company from C$9.50 to C$7.50 in a research note on Tuesday, August 2nd. Royal Bank of Canada cut shares of Doman Building Materials Group from an "outperform" rating to a "hold" rating and decreased their price objective for the company from C$10.00 to C$7.00 in a research note on Monday, July 18th. Finally, CIBC decreased their target price on shares of Doman Building Materials Group from C$7.50 to C$6.25 in a research note on Tuesday, October 4th.

Insiders Place Their Bets

In related news, Director Amar Doman acquired 36,000 shares of Doman Building Materials Group stock in a transaction on Thursday, September 1st. The stock was bought at an average cost of C$5.90 per share, for a total transaction of C$212,400.00. Following the completion of the transaction, the director now owns 53,535 shares of the company's stock, valued at approximately C$315,856.50.

Doman Building Materials Group Stock Up 1.1 %

Doman Building Materials Group (TSE:DBM – Get Rating) last released its earnings results on Thursday, August 4th. The company reported C$0.24 earnings per share for the quarter, missing the consensus estimate of C$0.40 by C($0.16). The business had revenue of C$870.72 million for the quarter, compared to the consensus estimate of C$866.20 million. On average, sell-side analysts predict that Doman Building Materials Group will post 0.57 EPS for the current fiscal year.

Doman Building Materials Group Company Profile

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Doman Building Materials Group Ltd. distributes building materials and related products in Canada, the United States, and Hawai. It distributes a range of building materials, lumber, renovation, and electrical products. The company owns approximately 117,000 acres of private timberlands, and strategic licenses and tenures.

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