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 earned a consensus rating of “Buy” from the six ratings firms that are presently covering the company, Marketbeat.com reports. Five research analysts have rated the stock with a buy recommendation and one has assigned a strong buy recommendation to the company. The average 12-month price objective among analysts that have updated their coverage on the stock in the last year is C$10.64.

A number of brokerages have recently issued reports on DBM. CIBC dropped 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 research note on Tuesday, March 4th. TD Securities set a C$9.50 price objective on Doman Building Materials Group and gave the company a “buy” rating in a report on Tuesday. Finally, Raymond James cut their target price on Doman Building Materials Group from C$12.00 to C$11.50 in a research note on Thursday, January 30th.

Doman Building Materials Group Stock Performance

TSE:DBM opened at C$7.04 on Tuesday. 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 firm has a market cap of C$615.29 million, a price-to-earnings ratio of 10.88 and a beta of 1.53. The firm’s fifty day moving average price is C$7.45 and its 200 day moving average price is C$8.22. Doman Building Materials Group has a 1-year low of C$6.32 and a 1-year high of C$9.96.

Doman Building Materials Group Dividend Announcement

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

Insider Transactions at Doman Building Materials Group

In other Doman Building Materials Group news, Director Marc Seguin acquired 10,000 shares of the stock in a transaction that occurred on Tuesday, March 4th. The shares were purchased at an average cost of C$6.93 per share, with a total value of C$69,300.00. Corporate insiders own 20.04% of the company’s stock.

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.