Doman Building Materials Group (TSE:DBM) Sets New 1-Year High Following Analyst Upgrade

Doman Building Materials Group Ltd. (TSE:DBM) shares reached a new 52-week high during trading on Monday after Stifel Nicolaus raised their price target on the stock from C$11.00 to C$12.00. The company traded as high as C$9.78 and last traded at C$9.78, with a volume of 28252 shares changing hands. The stock had previously closed at C$9.58.

A number of other research firms have also recently commented on DBM. CIBC upped their price objective on Doman Building Materials Group from C$8.50 to C$9.00 and gave the company an “outperform” rating in a report on Wednesday, October 2nd. National Bankshares upped their price objective on Doman Building Materials Group from C$8.50 to C$12.00 and gave the company an “outperform” rating in a report on Monday, October 7th. Canaccord Genuity Group boosted their target price on Doman Building Materials Group from C$9.00 to C$11.00 and gave the company a “buy” rating in a research report on Wednesday, October 2nd. Raymond James boosted 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. Finally, TD Securities boosted their target price on Doman Building Materials Group from C$11.50 to C$12.00 in a research report on Tuesday, October 22nd. Five equities research analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of “Buy” and an average price target of C$10.93.

Doman Building Materials Group Stock Up 2.0 %

The business has a 50-day moving average price of C$8.54 and a two-hundred day moving average price of C$7.57. The company has a quick ratio of 1.11, a current ratio of 3.78 and a debt-to-equity ratio of 132.33. The firm has a market cap of C$852.82 million, a PE ratio of 13.57 and a beta of 1.53.

Doman Building Materials Group Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, October 15th. Stockholders of record on Friday, September 27th were given a dividend of $0.14 per share. This represents a $0.56 dividend on an annualized basis and a dividend yield of 5.73%. The ex-dividend date of this dividend was Friday, September 27th. Doman Building Materials Group’s dividend payout ratio is currently 77.78%.

Doman Building Materials Group Company Profile

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.