Brokerages Set Doman Building Materials Group Ltd. (TSE:DBM) Price Target at C$9.29

Doman Building Materials Group Ltd. (TSE:DBM) has been given an average recommendation of “Buy” by the six brokerages that are currently covering the stock, MarketBeat.com reports. Five investment analysts have rated the stock with a buy recommendation and one has assigned a strong buy recommendation to the company. The average 1 year target price among analysts that have issued a report on the stock in the last year is C$9.29.

Several equities research analysts have issued reports on the company. Raymond James dropped their price objective on Doman Building Materials Group from C$10.75 to C$9.75 and set a “strong-buy” rating on the stock in a report on Monday, May 13th. Royal Bank of Canada decreased their target price on Doman Building Materials Group from C$10.00 to C$9.00 in a research report on Thursday, July 11th. National Bankshares decreased their target price on Doman Building Materials Group from C$10.50 to C$8.50 and set an “outperform” rating for the company in a research report on Tuesday, August 13th. CIBC reduced their price objective on Doman Building Materials Group from C$9.00 to C$8.50 in a research report on Thursday, July 18th. Finally, Canaccord Genuity Group reduced their price objective on Doman Building Materials Group from C$10.00 to C$9.00 and set a “buy” rating for the company in a research report on Tuesday, May 14th.

Doman Building Materials Group Stock Performance

Shares of TSE:DBM opened at C$7.00 on Thursday. The company has a market cap of C$611.03 million, a P/E ratio of 9.72 and a beta of 1.52. The company has a debt-to-equity ratio of 132.33, a quick ratio of 1.11 and a current ratio of 3.78. Doman Building Materials Group has a one year low of C$6.32 and a one year high of C$8.64. The business’s 50-day simple moving average is C$6.91 and its 200 day simple moving average is C$7.47.

Doman Building Materials Group Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, July 12th. Stockholders of record on Friday, June 28th were issued a $0.14 dividend. The ex-dividend date was Friday, June 28th. This represents a $0.56 annualized dividend and a dividend yield of 8.00%. Doman Building Materials Group’s dividend payout ratio (DPR) is 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.