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

Shares of Doman Building Materials Group Ltd. (TSE:DBM) have earned an average rating of “Buy” from the six ratings firms that are presently covering the firm, MarketBeat Ratings reports. Five research analysts have rated the stock with a buy recommendation and one has issued a strong buy recommendation on the company. The average 1 year price objective among brokerages that have issued ratings on the stock in the last year is C$12.21.

Several research firms have commented on DBM. National Bank Financial increased 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 report on Tuesday, May 12th. Stifel Nicolaus increased their price target on shares of Doman Building Materials Group from C$12.00 to C$12.25 and gave the company a “buy” rating in a research report on Tuesday, May 12th. Raymond James Financial increased their price target on shares of Doman Building Materials Group from C$11.00 to C$12.00 and gave the company a “strong-buy” rating in a research report on Monday, March 9th. Desjardins increased their price target on shares of Doman Building Materials Group from C$12.00 to C$12.50 and gave the company a “buy” rating in a research report on Tuesday, May 12th. Finally, Royal Bank Of Canada increased their price target on shares of Doman Building Materials Group from C$11.00 to C$12.00 and gave the company an “outperform” rating in a research report on Thursday, April 16th.

Doman Building Materials Group Stock Up 0.9%

TSE:DBM opened at C$11.29 on Thursday. Doman Building Materials Group has a 1-year low of C$8.34 and a 1-year high of C$11.41. The company has a 50-day moving average of C$10.47 and a 200 day moving average of C$10.04. The firm has a market cap of C$990.84 million, a PE ratio of 12.27 and a beta of 1.54. The company has a debt-to-equity ratio of 175.88, a current ratio of 3.94 and a quick ratio of 1.11.

Doman Building Materials Group (TSE:DBM) last released its quarterly earnings results on Friday, May 8th. The company reported C$0.27 EPS for the quarter. The business had revenue of C$761.97 million during the quarter. Doman Building Materials Group had a net margin of 2.61% and a return on equity of 12.52%. As a group, research analysts anticipate that Doman Building Materials Group will post 0.8051471 EPS for the current fiscal year.

Doman Building Materials Group Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, July 15th. Shareholders of record on Wednesday, July 15th will be given a dividend of $0.14 per share. This represents a $0.56 annualized dividend and a dividend yield of 5.0%. The ex-dividend date of this dividend is Tuesday, June 30th. Doman Building Materials Group’s dividend payout ratio is presently 60.87%.

Insider Activity at Doman Building Materials Group

In other news, insider Darren John Alexander Gwozd purchased 5,200 shares of the firm’s stock in a transaction on Thursday, May 14th. The stock was acquired at an average cost of C$10.35 per share, with a total value of C$53,820.00. Following the completion of the transaction, the insider owned 5,200 shares in the company, valued at C$53,820. This represents a ? increase in their position. Insiders own 20.04% of the company’s stock.

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.