Doman Building Materials Group (TSE:DBM) Price Target Raised to C$12.00

Doman Building Materials Group (TSE:DBM) had its target price lifted by Stifel Nicolaus from C$11.00 to C$12.00 in a research note released on Monday morning,BayStreet.CA reports.

Other equities research analysts have also recently issued research reports about the company. CIBC raised their target price on Doman Building Materials Group from C$8.50 to C$9.00 and gave the stock an “outperform” rating in a research note on Wednesday, October 2nd. Canaccord Genuity Group raised their price objective on shares of Doman Building Materials Group from C$9.00 to C$11.00 and gave the stock a “buy” rating in a research report on Wednesday, October 2nd. Raymond James lifted their price objective on shares of Doman Building Materials Group from C$9.75 to C$11.50 and gave the company a “strong-buy” rating in a research note on Wednesday, October 2nd. National Bankshares increased their target price on shares of Doman Building Materials Group from C$8.50 to C$12.00 and gave the stock an “outperform” rating in a research note on Monday, October 7th. Finally, TD Securities raised their price target on shares of Doman Building Materials Group from C$11.50 to C$12.00 in a report on Tuesday, October 22nd. Five investment analysts have rated the stock with a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Buy” and an average target price of C$10.93.

Doman Building Materials Group Price Performance

Shares of TSE DBM opened at C$9.65 on Monday. The company has a market capitalization of C$842.35 million, a PE ratio of 13.40 and a beta of 1.53. The company has a quick ratio of 1.11, a current ratio of 3.78 and a debt-to-equity ratio of 132.33. Doman Building Materials Group has a twelve month low of C$6.32 and a twelve month high of C$9.83. The firm has a fifty day simple moving average of C$8.63 and a 200 day simple moving average of C$7.60.

Doman Building Materials Group Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Tuesday, October 15th. Investors of record on Friday, September 27th were issued a $0.14 dividend. This represents a $0.56 dividend on an annualized basis and a dividend yield of 5.80%. The ex-dividend date was Friday, September 27th. Doman Building Materials Group’s dividend payout ratio is currently 77.78%.

Doman Building Materials Group Company Profile

Doman Building Materials Group Ltd., through its subsidiaries, engages in the wholesale distribution of building materials and home renovation products in the United States and Canada. The company offers treated wood; siding and trim; decking and aluminum railing; engineered wood products; roofing products; insulation and wrap products; and lumber and plywood products.