Shares of Doman Building Materials Group Ltd. (TSE:DBM - Get Free Report) have received an average recommendation of "Buy" from the six ratings firms that are currently covering the company, MarketBeat Ratings reports. Five research analysts have rated the stock with a buy recommendation and one has given a strong buy recommendation to the company. The average twelve-month price target among analysts that have issued ratings on the stock in the last year is C$10.64.
Several research firms have commented on DBM. CIBC cut their price objective 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. Raymond James lowered their target price on Doman Building Materials Group from C$12.00 to C$11.50 in a report on Thursday, January 30th. Finally, TD Securities set a C$9.50 price target on Doman Building Materials Group and gave the company a "buy" rating in a report on Tuesday, March 25th.
Read Our Latest Stock Report on DBM
Insiders Place Their Bets
In related news, Director Marc Seguin bought 10,000 shares of the stock in a transaction on Tuesday, March 4th. The stock was bought at an average price 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 Price Performance
Shares of TSE DBM traded down C$0.15 during trading on Tuesday, hitting C$6.84. The company had a trading volume of 382,265 shares, compared to its average volume of 241,735. Doman Building Materials Group has a fifty-two week low of C$6.32 and a fifty-two week high of C$9.96. The company has a quick ratio of 1.11, a current ratio of 2.94 and a debt-to-equity ratio of 112.91. The stock has a fifty day simple moving average of C$7.40 and a two-hundred day simple moving average of C$8.23. The firm has a market capitalization of C$597.81 million, a price-to-earnings ratio of 10.57 and a beta of 1.53.
Doman Building Materials Group Announces Dividend
The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 15th. Investors of record on Tuesday, April 15th will be given 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 8.19%. Doman Building Materials Group's payout ratio is 86.55%.
About Doman Building Materials Group
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Get Free ReportDoman 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.
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