Doman Building Materials Group Ltd. (TSE:DBM - Get Free Report) has been given a consensus recommendation of "Buy" by the six analysts that are presently covering the company, MarketBeat reports. Five research analysts have rated the stock with a buy rating and one has given a strong buy rating to the company. The average 12-month price target among brokers that have issued ratings on the stock in the last year is C$10.64.
DBM has been the subject of a number of research analyst reports. CIBC cut their price target on shares of Doman Building Materials Group from C$11.50 to C$9.50 and set an "outperform" rating for the company in a report on Tuesday, March 4th. Raymond James decreased their price target on Doman Building Materials Group from C$12.00 to C$11.50 in a research note on Thursday, January 30th. Finally, 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.
Get Our Latest Stock Analysis on DBM
Insider Activity at Doman Building Materials Group
In other news, Director Marc Seguin purchased 10,000 shares of the company's stock in a transaction on Tuesday, March 4th. The stock was bought at an average cost of C$6.93 per share, for a total transaction of C$69,300.00. Corporate insiders own 20.04% of the company's stock.
Doman Building Materials Group Price Performance
TSE:DBM traded down C$0.05 during trading hours on Tuesday, hitting C$6.99. The company's stock had a trading volume of 279,328 shares, compared to its average volume of 239,431. Doman Building Materials Group has a 52-week low of C$6.32 and a 52-week high of C$9.96. The company has a debt-to-equity ratio of 112.91, a quick ratio of 1.11 and a current ratio of 2.94. The business's 50-day moving average is C$7.43 and its two-hundred day moving average is C$8.21. The company has a market capitalization of C$610.92 million, a PE ratio of 10.80 and a beta of 1.53.
Doman Building Materials Group Dividend Announcement
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 issued a dividend of $0.14 per share. This represents a $0.56 dividend on an annualized basis and a yield of 8.01%. The ex-dividend date of this dividend is Monday, March 31st. Doman Building Materials Group's dividend payout ratio (DPR) is presently 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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