Analysts Set Doman Building Materials Group Ltd. (TSE:DBM) Price Target at C$11.00

Shares of Doman Building Materials Group Ltd. (TSE:DBM) have been given an average rating of “Buy” by the six brokerages that are currently covering the firm, Marketbeat Ratings reports. Five analysts have rated the stock with a buy recommendation and one has assigned a strong buy recommendation to the company. The average 1 year price objective among analysts that have updated their coverage on the stock in the last year is C$10.64.

DBM has been the subject of a number of research analyst reports. TD Securities set a C$9.50 price target on Doman Building Materials Group and gave the stock a “buy” rating in a research note on Tuesday, March 25th. Raymond James lowered their target price on shares of Doman Building Materials Group from C$12.00 to C$11.50 in a research note on Thursday, January 30th. Finally, CIBC cut their price target 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.

Doman Building Materials Group Stock Down 2.1 %

Shares of TSE DBM opened at C$6.84 on Tuesday. Doman Building Materials Group has a 1 year low of C$6.32 and a 1 year high of C$9.96. The firm has a 50-day simple moving average of C$7.40 and a two-hundred day simple moving average of C$8.23. The company has a market cap of C$597.81 million, a P/E ratio of 10.57 and a beta of 1.53. 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 Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Tuesday, April 15th. Stockholders of record on Tuesday, April 15th will be paid a dividend of $0.14 per share. The ex-dividend date of this dividend is Monday, March 31st. This represents a $0.56 annualized dividend and a dividend yield of 8.19%. Doman Building Materials Group’s dividend payout ratio is currently 86.55%.

Insider Activity at Doman Building Materials Group

In other Doman Building Materials Group news, Director Marc Seguin acquired 10,000 shares of the business’s stock in a transaction that occurred on Tuesday, March 4th. The shares were 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 currently owned by corporate insiders.

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.