Doman Building Materials Group (TSE:DBM) Sets New 52-Week High – Should You Buy?

Doman Building Materials Group Ltd. (TSE:DBM) shares hit a new 52-week high on Monday . The company traded as high as C$9.16 and last traded at C$9.16, with a volume of 127264 shares trading hands. The stock had previously closed at C$8.71.

Analyst Ratings Changes

Several equities analysts have issued reports on the company. TD Securities raised their price objective on Doman Building Materials Group from C$11.50 to C$12.00 in a report on Tuesday, October 22nd. Stifel Nicolaus lifted their price target on Doman Building Materials Group from C$9.25 to C$10.00 and gave the stock a “buy” rating in a research report on Thursday, October 17th. CIBC increased their price objective on Doman Building Materials Group from C$8.50 to C$9.00 and gave the company an “outperform” rating in a report on Wednesday, October 2nd. Canaccord Genuity Group lifted their target price on shares of Doman Building Materials Group from C$9.00 to C$11.00 and gave the company a “buy” rating in a report on Wednesday, October 2nd. Finally, National Bankshares upped their price target on shares of Doman Building Materials Group from C$8.50 to C$12.00 and gave the company an “outperform” rating in a research report on Monday, October 7th. Five investment analysts have rated the stock with a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of “Buy” and a consensus target price of C$10.64.

Doman Building Materials Group Stock Performance

The company has a quick ratio of 1.11, a current ratio of 3.78 and a debt-to-equity ratio of 132.33. The stock has a fifty day moving average price of C$8.14 and a 200-day moving average price of C$7.48. The firm has a market cap of C$794.34 million, a price-to-earnings ratio of 12.64 and a beta of 1.53.

Doman Building Materials Group Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, October 15th. Shareholders of record on Friday, September 27th were given a dividend of $0.14 per share. The ex-dividend date of this dividend was Friday, September 27th. This represents a $0.56 dividend on an annualized basis and a yield of 6.15%. Doman Building Materials Group’s payout ratio is currently 77.78%.

About Doman Building Materials Group

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.