Brokerages Set Doman Building Materials Group Ltd. (TSE:DBM) Price Target at C$10.64

Shares of Doman Building Materials Group Ltd. (TSE:DBM) have received an average rating of “Buy” from the six brokerages that are covering the stock, Marketbeat 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 1-year target price among analysts that have covered the stock in the last year is C$10.64.

Several equities analysts recently weighed in on DBM shares. National Bankshares lifted their price target on Doman Building Materials Group from C$8.50 to C$12.00 and gave the company an “outperform” rating in a research note on Monday, October 7th. Royal Bank of Canada reduced their target price on Doman Building Materials Group from C$10.00 to C$9.00 in a research note on Thursday, July 11th. Raymond James increased their target price on Doman Building Materials Group from C$9.75 to C$11.50 and gave the company a “strong-buy” rating in a research report on Wednesday, October 2nd. TD Securities boosted their price target on shares of Doman Building Materials Group from C$11.50 to C$12.00 in a report on Tuesday, October 22nd. Finally, Stifel Nicolaus increased their price objective on shares of Doman Building Materials Group from C$9.25 to C$10.00 and gave the company a “buy” rating in a report on Thursday, October 17th.

Doman Building Materials Group Stock Performance

DBM opened at C$8.28 on Tuesday. The firm has a fifty day moving average price of C$8.07 and a 200 day moving average price of C$7.46. Doman Building Materials Group has a 1 year low of C$6.32 and a 1 year high of C$9.15. The stock has a market cap of C$722.76 million, a P/E ratio of 11.50 and a beta of 1.53. The company has a debt-to-equity ratio of 132.33, a current ratio of 3.78 and a quick ratio of 1.11.

Doman Building Materials Group (TSE:DBM) last issued its quarterly earnings data on Friday, August 9th. The company reported C$0.20 earnings per share for the quarter, missing analysts’ consensus estimates of C$0.22 by C($0.02). Doman Building Materials Group had a return on equity of 10.63% and a net margin of 2.56%. The firm had revenue of C$689.83 million during the quarter, compared to analyst estimates of C$742.90 million. Equities research analysts anticipate that Doman Building Materials Group will post 0.8051471 earnings per share for the current year.

Doman Building Materials Group Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, October 15th. Investors of record on Friday, September 27th were paid a $0.14 dividend. This represents a $0.56 annualized dividend and a yield of 6.76%. The ex-dividend date was Friday, September 27th. Doman Building Materials Group’s dividend payout ratio is currently 77.78%.

About Doman Building Materials Group

Doman Building Materials Group Ltd., through its subsidiaries, engages in the wholesale distribution of building materials and home renovation products in the United States and Canada. The company offers treated wood; siding and trim; decking and aluminum railing; engineered wood products; roofing products; insulation and wrap products; and lumber and plywood products.