Doman Building Materials Group Ltd. (TSE:DBM) Given Average Rating of "Moderate Buy" by Brokerages

Shares of Doman Building Materials Group Ltd. (TSE:DBM - Get Free Report) have been given an average recommendation of "Moderate Buy" by the eight analysts that are currently covering the stock, MarketBeat reports. Two investment analysts have rated the stock with a hold recommendation, five have issued a buy recommendation and one has issued a strong buy recommendation on the company. The average 1 year target price among brokers that have covered the stock in the last year is C$9.93.

A number of equities research analysts have issued reports on the company. Raymond James decreased their target price on Doman Building Materials Group from C$12.00 to C$11.50 in a research report on Thursday, January 30th. Royal Bank of Canada decreased their target price on shares of Doman Building Materials Group from C$11.00 to C$10.00 and set an "outperform" rating on the stock in a research report on Tuesday. Cibc World Mkts lowered Doman Building Materials Group from a "strong-buy" rating to a "hold" rating in a research note on Tuesday. TD Securities set a C$9.50 price target on Doman Building Materials Group and gave the company a "buy" rating in a research note on Tuesday, March 25th. Finally, CIBC lowered Doman Building Materials Group from an "outperform" rating to a "neutral" rating and set a C$7.50 price objective for the company. in a research note on Tuesday.

Doman Building Materials Group Stock Down 1.0 %

TSE:DBM traded down C$0.07 during trading hours on Friday, hitting C$6.78. 271,817 shares of the stock traded hands, compared to its average volume of 236,441. The firm has a market cap of C$592.57 million, a price-to-earnings ratio of 10.48 and a beta of 1.53. The firm has a 50 day moving average price of C$6.99 and a 200 day moving average price of C$8.09. The company has a current ratio of 2.94, a quick ratio of 1.11 and a debt-to-equity ratio of 112.91. Doman Building Materials Group has a fifty-two week low of C$6.30 and a fifty-two week high of C$9.96.

Doman Building Materials Group Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Tuesday, April 15th. Stockholders of record on Tuesday, April 15th were issued a $0.14 dividend. The ex-dividend date was Monday, March 31st. This represents a $0.56 dividend on an annualized basis and a dividend yield of 8.26%. Doman Building Materials Group's payout ratio is 86.55%.

Insiders Place Their Bets

In other news, Director Marc Seguin purchased 10,000 shares of the company's stock in a transaction that occurred on Tuesday, March 4th. The stock was acquired at an average cost of C$6.93 per share, with a total value of C$69,300.00. Company insiders own 20.04% of the company's stock.

About Doman Building Materials Group

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.