Doman Building Materials Group (TSE:DBM) Price Target Raised to C$12.00 at Royal Bank Of Canada

Doman Building Materials Group (TSE:DBM) had its price objective raised by Royal Bank Of Canada from C$11.00 to C$12.00 in a research note issued to investors on Thursday morning,BayStreet.CA reports. They currently have an outperform rating on the stock.

Other equities analysts have also recently issued research reports about the company. Stifel Nicolaus decreased their price target on Doman Building Materials Group from C$11.75 to C$11.50 and set a “buy” rating for the company in a report on Monday, March 9th. National Bank Financial upped their price target on Doman Building Materials Group from C$12.00 to C$12.50 and gave the stock an “outperform” rating in a report on Monday, March 9th. Raymond James Financial upped their price target on Doman Building Materials Group from C$11.00 to C$12.00 and gave the stock a “strong-buy” rating in a report on Monday, March 9th. Finally, Desjardins upped their price target on Doman Building Materials Group from C$11.00 to C$12.00 and gave the stock a “buy” rating in a report on Monday, March 9th. One research analyst has rated the stock with a Strong Buy rating, five have given a Buy rating and one has assigned a Hold rating to the company’s stock. According to MarketBeat.com, Doman Building Materials Group currently has an average rating of “Buy” and an average price target of C$11.06.

Doman Building Materials Group Stock Up 0.4%

Shares of TSE:DBM opened at C$9.81 on Thursday. The company has a debt-to-equity ratio of 157.89, a quick ratio of 1.11 and a current ratio of 3.22. Doman Building Materials Group has a 1 year low of C$6.68 and a 1 year high of C$10.60. The stock has a market capitalization of C$860.96 million, a P/E ratio of 10.66 and a beta of 1.20. The stock has a 50-day simple moving average of C$9.92 and a 200-day simple moving average of C$9.50.

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

Doman Building Materials Group Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Wednesday, April 15th. Shareholders of record on Wednesday, April 15th were given a $0.14 dividend. This represents a $0.56 dividend on an annualized basis and a dividend yield of 5.7%. The ex-dividend date of this dividend was Tuesday, March 31st. Doman Building Materials Group’s dividend payout ratio is presently 60.87%.

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. 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.