Doman Building Materials Group (TSE:DBM) Price Target Raised to C$10.00

Doman Building Materials Group (TSE:DBM) had its price target hoisted by TD Securities from C$9.50 to C$10.00 in a research note issued to investors on Monday,BayStreet.CA reports.

DBM has been the topic of several other reports. Royal Bank of Canada reduced their target price on Doman Building Materials Group from C$11.00 to C$10.00 and set an “outperform” rating on the stock in a report on Tuesday, April 22nd. Raymond James decreased their price target on shares of Doman Building Materials Group from C$12.00 to C$11.50 in a report on Thursday, January 30th. Canaccord Genuity Group reduced their price target on Doman Building Materials Group from C$11.00 to C$10.00 in a report on Monday. CIBC lowered Doman Building Materials Group from an “outperform” rating to a “neutral” rating and set a C$7.50 price target on the stock. in a report on Tuesday, April 22nd. Finally, Cibc World Mkts downgraded Doman Building Materials Group from a “strong-buy” rating to a “hold” rating in a report on Tuesday, April 22nd. Two equities research analysts have rated the stock with a hold rating, five have assigned a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat.com, Doman Building Materials Group currently has a consensus rating of “Moderate Buy” and an average price target of C$10.13.

Doman Building Materials Group Trading Down 2.5%

Shares of DBM stock opened at C$8.32 on Monday. The firm has a fifty day moving average price of C$6.92 and a 200-day moving average price of C$7.92. Doman Building Materials Group has a 1 year low of C$6.30 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. The company has a market cap of C$727.16 million, a price-to-earnings ratio of 12.86 and a beta of 1.53.

Doman Building Materials Group Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, April 15th. Shareholders of record on Tuesday, April 15th were paid a dividend of $0.14 per share. The ex-dividend date was Monday, March 31st. This represents a $0.56 annualized dividend and a yield of 6.73%. Doman Building Materials Group’s dividend payout ratio is currently 86.55%.

Insider Activity

In other Doman Building Materials Group news, Director Marc Seguin bought 10,000 shares of the stock in a transaction that occurred on Tuesday, March 4th. The shares were purchased at an average cost of C$6.93 per share, for a total transaction of C$69,300.00. 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.