Doman Building Materials Group Ltd. (TSE:DBM) Receives C$10.07 Consensus Price Target from Brokerages

Doman Building Materials Group Ltd. (TSE:DBM) has been given an average rating of “Buy” by the six research firms that are covering the stock, Marketbeat Ratings reports. Five investment analysts have rated the stock with a buy rating and one has given a strong buy rating to the company. The average 12 month target price among analysts that have covered the stock in the last year is C$10.07.

DBM has been the topic of a number of recent research reports. TD Securities set a C$9.50 target price on Doman Building Materials Group and gave the stock a “buy” rating in a report on Tuesday, March 25th. Stifel Nicolaus dropped their price objective on shares of Doman Building Materials Group from C$9.00 to C$8.00 and set a “buy” rating on the stock in a research note on Thursday, April 17th. Raymond James reduced their price objective on shares of Doman Building Materials Group from C$12.00 to C$11.50 in a report on Thursday, January 30th. Finally, CIBC lowered their target price on shares of Doman Building Materials Group from C$11.50 to C$9.50 and set an “outperform” rating on the stock in a report on Tuesday, March 4th.

Insider Activity at Doman Building Materials Group

In other Doman Building Materials Group news, Director Marc Seguin bought 10,000 shares of Doman Building Materials Group stock in a transaction dated Tuesday, March 4th. The stock was bought at an average cost of C$6.93 per share, with a total value of C$69,300.00. 20.04% of the stock is owned by insiders.

Doman Building Materials Group Stock Up 0.1 %

DBM stock opened at C$6.87 on Friday. The company has a debt-to-equity ratio of 112.91, a quick ratio of 1.11 and a current ratio of 2.94. Doman Building Materials Group has a fifty-two week low of C$6.30 and a fifty-two week high of C$9.96. The stock’s 50 day simple moving average is C$7.01 and its 200 day simple moving average is C$8.10. The company has a market cap of C$600.43 million, a P/E ratio of 10.62 and a beta of 1.53.

Doman Building Materials Group Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, April 15th. Stockholders of record on Tuesday, April 15th were issued a $0.14 dividend. The ex-dividend date of this dividend was Monday, March 31st. This represents a $0.56 annualized dividend and a dividend yield of 8.15%. Doman Building Materials Group’s dividend payout ratio is currently 86.55%.

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.