Doman Building Materials Group Ltd. (TSE:DBM) Receives C$10.07 Average Target Price from Analysts

Doman Building Materials Group Ltd. (TSE:DBM) has been assigned a consensus rating of “Buy” from the six ratings firms that are currently covering the stock, MarketBeat Ratings reports. Five research analysts have rated the stock with a buy rating and one has given a strong buy rating to the company. The average 1-year price target among brokerages that have issued a report on the stock in the last year is C$10.07.

Several research analysts recently commented on the stock. Stifel Nicolaus dropped their price objective on Doman Building Materials Group from C$9.00 to C$8.00 and set a “buy” rating on the stock in a research note on Thursday, April 17th. TD Securities set a C$9.50 price target on shares of Doman Building Materials Group and gave the company a “buy” rating in a research note on Tuesday, March 25th. Raymond James lowered their price objective 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 reduced their price target on Doman Building Materials Group from C$11.50 to C$9.50 and set an “outperform” rating for the company in a report on Tuesday, March 4th.

Doman Building Materials Group Stock Performance

DBM stock opened at C$6.87 on Friday. Doman Building Materials Group has a 1-year low of C$6.30 and a 1-year high of C$9.96. The company has a current ratio of 2.94, a quick ratio of 1.11 and a debt-to-equity ratio of 112.91. The firm has a market cap of C$600.43 million, a PE ratio of 10.62 and a beta of 1.53. The business’s 50-day moving average price is C$7.01 and its two-hundred day moving average price is C$8.10.

Doman Building Materials Group Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Tuesday, April 15th. Stockholders of record on Tuesday, April 15th were paid a $0.14 dividend. The ex-dividend date of this dividend was Monday, March 31st. This represents a $0.56 annualized dividend and a dividend yield of 8.15%. Doman Building Materials Group’s payout ratio is 86.55%.

Insider Activity at Doman Building Materials Group

In related news, Director Marc Seguin purchased 10,000 shares of Doman Building Materials Group stock in a transaction on Tuesday, March 4th. The shares were purchased at an average price of C$6.93 per share, for a total transaction of C$69,300.00. 20.04% of the stock is owned by insiders.

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.