Doman Building Materials Group Ltd. (TSE:DBM) Receives C$12.21 Average Target Price from Analysts

Doman Building Materials Group Ltd. (TSE:DBM) has received an average rating of “Buy” from the six brokerages that are presently covering the company, MarketBeat reports. Five research analysts have rated the stock with a buy rating and one has issued a strong buy rating on the company. The average twelve-month price target among analysts that have updated their coverage on the stock in the last year is C$12.21.

DBM has been the subject of several research analyst reports. Royal Bank Of Canada increased their target price on shares of Doman Building Materials Group from C$11.00 to C$12.00 and gave the stock an “outperform” rating in a research note on Thursday, April 16th. National Bank Financial boosted their price target on shares of Doman Building Materials Group from C$12.50 to C$13.50 and gave the company an “outperform” rating in a research note on Tuesday, May 12th. Desjardins upped their price objective on shares of Doman Building Materials Group from C$12.00 to C$12.50 and gave the stock a “buy” rating in a report on Tuesday, May 12th. Finally, Stifel Nicolaus increased their price objective on shares of Doman Building Materials Group from C$12.00 to C$12.25 and gave the stock a “buy” rating in a research report on Tuesday, May 12th.

Insider Buying and Selling

In other news, insider Darren John Alexander Gwozd purchased 5,200 shares of the stock in a transaction dated Thursday, May 14th. The stock was acquired at an average cost of C$10.35 per share, for a total transaction of C$53,820.00. Following the completion of the transaction, the insider directly owned 5,200 shares in the company, valued at approximately C$53,820. This represents a ∞ increase in their position. 20.04% of the stock is owned by company insiders.

Doman Building Materials Group Stock Performance

Shares of Doman Building Materials Group stock opened at C$11.86 on Monday. Doman Building Materials Group has a 52 week low of C$8.34 and a 52 week high of C$11.99. The business’s fifty day simple moving average is C$10.91 and its 200-day simple moving average is C$10.27. The firm has a market cap of C$1.04 billion, a PE ratio of 12.89 and a beta of 1.51. The company has a quick ratio of 1.11, a current ratio of 3.94 and a debt-to-equity ratio of 175.88.

Doman Building Materials Group (TSE:DBM) last issued its quarterly earnings data on Friday, May 8th. The company reported C$0.27 earnings per share (EPS) for the quarter. The firm had revenue of C$761.97 million during the quarter. Doman Building Materials Group had a return on equity of 12.52% and a net margin of 2.61%. Equities analysts forecast that Doman Building Materials Group will post 0.8051471 earnings per share for the current year.

Doman Building Materials Group Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, July 15th. Shareholders of record on Wednesday, July 15th were given a $0.14 dividend. The ex-dividend date of this dividend was Tuesday, June 30th. This represents a $0.56 dividend on an annualized basis and a yield of 4.7%. Doman Building Materials Group’s payout ratio is presently 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.