Doman Building Materials Group Ltd. (TSE:DBM) Receives C$10.93 Average Target Price from Analysts

Shares of Doman Building Materials Group Ltd. (TSE:DBM) have been given a consensus recommendation of “Buy” by the six research firms that are covering the stock, Marketbeat.com reports. Five investment analysts have rated the stock with a buy recommendation and one has given a strong buy recommendation to the company. The average 1 year price target among analysts that have updated their coverage on the stock in the last year is C$10.93.

DBM has been the topic of several analyst reports. TD Securities increased their target price on Doman Building Materials Group from C$11.50 to C$12.00 in a report on Tuesday, October 22nd. CIBC increased 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 report on Wednesday, October 2nd. Stifel Nicolaus upped their price objective on Doman Building Materials Group from C$11.00 to C$12.00 in a research report on Monday, November 25th. Raymond James upped their price objective on Doman Building Materials Group from C$9.75 to C$11.50 and gave the stock a “strong-buy” rating in a research report on Wednesday, October 2nd. Finally, National Bankshares upped their price objective on Doman Building Materials Group from C$8.50 to C$12.00 and gave the stock an “outperform” rating in a research report on Monday, October 7th.

Doman Building Materials Group Stock Performance

DBM opened at C$9.75 on Friday. The firm has a market cap of C$851.08 million, a P/E ratio of 13.54 and a beta of 1.53. Doman Building Materials Group has a 52-week low of C$6.32 and a 52-week high of C$9.83. The company has a debt-to-equity ratio of 132.33, a quick ratio of 1.11 and a current ratio of 3.78. The business’s fifty day moving average is C$8.79 and its 200-day moving average is C$7.66.

Doman Building Materials Group Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, October 15th. Shareholders of record on Friday, September 27th were given a $0.14 dividend. The ex-dividend date of this dividend was Friday, September 27th. This represents a $0.56 annualized dividend and a yield of 5.74%. Doman Building Materials Group’s dividend payout ratio is presently 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.