Doman Building Materials Group Ltd. (TSE:DBM) Receives C$11.00 Consensus Price Target from Analysts

Doman Building Materials Group Ltd. (TSE:DBM) has been given an average recommendation of “Buy” by the six brokerages that are presently covering the firm, Marketbeat reports. Five analysts have rated the stock with a buy rating and one has given a strong buy rating to the company. The average twelve-month price target among brokerages that have issued ratings on the stock in the last year is C$10.64.

Several research analysts recently commented on the company. Raymond James lowered their target price on Doman Building Materials Group from C$12.00 to C$11.50 in a research note on Thursday, January 30th. TD Securities set a C$9.50 price objective on Doman Building Materials Group and gave the stock a “buy” rating in a research report on Tuesday. Finally, CIBC reduced 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.

Doman Building Materials Group Stock Performance

TSE:DBM opened at C$7.04 on Tuesday. Doman Building Materials Group has a 52 week low of C$6.32 and a 52 week high of C$9.96. The company has a fifty day simple moving average of C$7.45 and a two-hundred day simple moving average of C$8.22. The company has a quick ratio of 1.11, a current ratio of 2.94 and a debt-to-equity ratio of 112.91. The company has a market cap of C$615.29 million, a price-to-earnings ratio of 10.88 and a beta of 1.53.

Doman Building Materials Group Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 15th. Shareholders of record on Tuesday, April 15th will be issued a dividend of $0.14 per share. The ex-dividend date of this dividend is Monday, March 31st. This represents a $0.56 dividend on an annualized basis and a yield of 7.95%. Doman Building Materials Group’s payout ratio is currently 86.55%.

Insider Activity

In other news, Director Marc Seguin purchased 10,000 shares of the business’s stock in a transaction on Tuesday, March 4th. The shares were bought at an average price of C$6.93 per share, with a total value of C$69,300.00. Company insiders own 20.04% of the company’s stock.

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.