Brokerages Set Doman Building Materials Group Ltd. (TSE:DBM) Target Price at C$10.81

Shares of Doman Building Materials Group Ltd. (TSE:DBM) have been assigned an average recommendation of “Buy” from the seven research firms that are covering the stock, Marketbeat.com reports. One research analyst has rated the stock with a hold rating, five have assigned a buy rating and one has assigned a strong buy rating to the company. The average 12 month price target among analysts that have updated their coverage on the stock in the last year is C$10.81.

DBM has been the topic of several recent research reports. Desjardins raised their price target on shares of Doman Building Materials Group from C$11.00 to C$12.00 and gave the company a “buy” rating in a research report on Monday, March 9th. Raymond James Financial lifted their target price on shares of Doman Building Materials Group from C$11.00 to C$12.00 and gave the stock a “strong-buy” rating in a research report on Monday, March 9th. National Bank Financial lifted their target price on shares of Doman Building Materials Group from C$12.00 to C$12.50 and gave the stock an “outperform” rating in a research report on Monday, March 9th. Finally, Stifel Nicolaus dropped their target price on shares of Doman Building Materials Group from C$11.75 to C$11.50 and set a “buy” rating on the stock in a research report on Monday, March 9th.

Doman Building Materials Group Price Performance

Shares of TSE DBM opened at C$9.54 on Friday. Doman Building Materials Group has a fifty-two week low of C$6.30 and a fifty-two week high of C$10.60. The stock has a market cap of C$837.26 million, a price-to-earnings ratio of 10.37 and a beta of 1.20. The company has a debt-to-equity ratio of 157.89, a quick ratio of 1.11 and a current ratio of 3.22. The firm’s 50-day simple moving average is C$9.95 and its 200 day simple moving average is C$9.49.

Doman Building Materials Group (TSE:DBM) last announced its quarterly earnings results on Thursday, March 5th. The company reported C$0.13 earnings per share for the quarter. Doman Building Materials Group had a net margin of 2.57% and a return on equity of 12.47%. The business had revenue of C$644.23 million for the quarter. As a group, research analysts anticipate that Doman Building Materials Group will post 0.8051471 earnings per share for the current fiscal year.

Doman Building Materials Group Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, April 15th. Shareholders of record on Wednesday, April 15th will be given a dividend of $0.14 per share. The ex-dividend date of this dividend is Tuesday, March 31st. This represents a $0.56 annualized dividend and a dividend yield of 5.9%. Doman Building Materials Group’s dividend payout ratio (DPR) is currently 60.87%.

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. Its operations also include timber ownership and management of private timberlands and forest licenses, and agricultural post-peeling and pressure treating through CanWel Fibre Corp.