Doman Building Materials Group Ltd. (TSE:DBM) Given Consensus Recommendation of “Buy” by Analysts

Shares of Doman Building Materials Group Ltd. (TSE:DBM) have been assigned a consensus rating of “Buy” from the five research firms that are currently covering the company, MarketBeat.com reports. Four investment analysts have rated the stock with a buy rating and one has given a strong buy rating to the company. The average 1-year target price among brokerages that have issued ratings on the stock in the last year is C$11.00.

DBM has been the subject of a number of research reports. Stifel Nicolaus boosted their price target on shares of Doman Building Materials Group from C$11.00 to C$12.00 in a research report on Monday, November 25th. CIBC reduced their price objective on Doman Building Materials Group from C$11.50 to C$9.50 and set an “outperform” rating for the company in a research note on Tuesday, March 4th. TD Securities set a C$9.50 price target on shares of Doman Building Materials Group and gave the stock a “buy” rating in a research note on Tuesday. Finally, Raymond James decreased their price target on Doman Building Materials Group from C$12.00 to C$11.50 in a research note on Thursday, January 30th.

Doman Building Materials Group Stock Up 3.3 %

Shares of TSE DBM traded up C$0.23 during mid-day trading on Tuesday, hitting C$7.18. The company had a trading volume of 316,473 shares, compared to its average volume of 232,376. The business’s 50-day simple moving average is C$7.52 and its 200 day simple moving average is C$8.23. The company has a market capitalization of C$627.53 million, a PE ratio of 11.10 and a beta of 1.53. Doman Building Materials Group has a 1-year low of C$6.32 and a 1-year high of C$9.96. The company has a debt-to-equity ratio of 112.91, a current ratio of 2.94 and a quick ratio of 1.11.

Doman Building Materials Group Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, April 15th. Shareholders of record on Tuesday, April 15th will be issued a $0.14 dividend. The ex-dividend date of this dividend is Monday, March 31st. This represents a $0.56 dividend on an annualized basis and a yield of 7.80%. Doman Building Materials Group’s dividend payout ratio (DPR) is 86.55%.

Insider Buying and Selling

In other news, Director Marc Seguin acquired 10,000 shares of the firm’s stock in a transaction on Tuesday, March 4th. The stock was bought at an average cost of C$6.93 per share, with a total value of C$69,300.00. 20.04% of the stock is currently owned by company insiders.

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.