Doman Building Materials Group Ltd. (TSE:DBM) Given Consensus Rating of “Moderate Buy” by Brokerages

Doman Building Materials Group Ltd. (TSE:DBM) has earned an average recommendation of “Moderate Buy” from the eight analysts that are covering the company, Marketbeat.com reports. Two analysts have rated the stock with a hold rating, five have assigned a buy rating and one has assigned a strong buy rating to the company. The average 1-year price target among brokerages that have covered the stock in the last year is C$10.13.

A number of equities analysts have weighed in on DBM shares. Stifel Nicolaus upped their price target on Doman Building Materials Group from C$8.00 to C$9.00 in a research report on Monday, May 12th. Canaccord Genuity Group cut 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. Raymond James cut their price objective on shares of Doman Building Materials Group from C$12.00 to C$11.50 in a research report on Thursday, January 30th. CIBC lowered shares of Doman Building Materials Group from an “outperform” rating to a “neutral” rating and set a C$7.50 price objective on the stock. in a research report on Tuesday, April 22nd. Finally, Royal Bank of Canada cut their price objective 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 Trading Up 0.7%

TSE:DBM opened at C$8.50 on Wednesday. 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 company has a debt-to-equity ratio of 112.91, a current ratio of 2.94 and a quick ratio of 1.11. The stock has a market capitalization of C$742.89 million, a PE ratio of 13.14 and a beta of 1.53. The business’s 50-day simple moving average is C$7.02 and its 200-day simple moving average is C$7.92.

Doman Building Materials Group Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, April 15th. Stockholders of record on Tuesday, April 15th were given a $0.14 dividend. This represents a $0.56 dividend on an annualized basis and a dividend yield of 6.59%. The ex-dividend date of this dividend was Monday, March 31st. Doman Building Materials Group’s dividend payout ratio is presently 86.55%.

Insider Buying and Selling

In other news, Director Marc Seguin bought 10,000 shares of the stock in a transaction that occurred on Tuesday, March 4th. The shares were acquired at an average cost of C$6.93 per share, for a total transaction of C$69,300.00. 20.04% of the stock is owned by corporate insiders.

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.