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

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

A number of equities research analysts have issued reports on the company. CIBC cut their price target 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 objective on Doman Building Materials Group and gave the company a “buy” rating in a research note on Tuesday. Stifel Nicolaus lifted their price target on shares of Doman Building Materials Group from C$11.00 to C$12.00 in a report on Monday, November 25th. Finally, Raymond James decreased their price objective on shares of Doman Building Materials Group from C$12.00 to C$11.50 in a research report on Thursday, January 30th.

Insider Activity at Doman Building Materials Group

In related news, Director Marc Seguin acquired 10,000 shares of the firm’s stock in a transaction on Tuesday, March 4th. The shares were acquired 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 owned by insiders.

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. 316,473 shares of the stock traded hands, compared to its average volume of 232,376. Doman Building Materials Group has a 52 week low of C$6.32 and a 52 week high of C$9.96. The stock has a fifty day moving average price of C$7.52 and a 200-day moving average price of C$8.23. The company has a market cap of C$627.53 million, a price-to-earnings ratio of 11.10 and a beta of 1.53. The company has a debt-to-equity ratio of 112.91, a quick ratio of 1.11 and a current ratio of 2.94.

Doman Building Materials Group Announces Dividend

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

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.