TD Securities set a C$9.50 target price on Doman Building Materials Group (TSE:DBM - Free Report) in a research note released on Tuesday morning, Marketbeat Ratings reports. The firm currently has a buy rating on the stock.
Several other brokerages have also recently commented on DBM. CIBC dropped 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 report on Tuesday, March 4th. Stifel Nicolaus upped their price objective on shares of Doman Building Materials Group from C$11.00 to C$12.00 in a research note on Monday, November 25th. Finally, Raymond James decreased their target price on shares of Doman Building Materials Group from C$12.00 to C$11.50 in a research note on Thursday, January 30th. Five equities research analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, the stock has a consensus rating of "Buy" and a consensus target price of C$10.64.
Check Out Our Latest Report on Doman Building Materials Group
Doman Building Materials Group Price Performance
DBM stock traded down C$0.05 during trading on Tuesday, hitting C$6.99. The stock had a trading volume of 279,328 shares, compared to its average volume of 239,431. The company's 50-day moving average price is C$7.43 and its two-hundred day moving average price is C$8.21. Doman Building Materials Group has a twelve month low of C$6.32 and a twelve month high of C$9.96. The stock has a market capitalization of C$610.92 million, a P/E ratio of 10.80 and a beta of 1.53. The company has a debt-to-equity ratio of 112.91, a current ratio of 2.94 and a quick ratio of 1.11.
Doman Building Materials Group Announces Dividend
The company also recently declared a quarterly dividend, which will be paid on Tuesday, April 15th. Stockholders of record on Tuesday, April 15th will be issued a dividend of $0.14 per share. The ex-dividend date is Monday, March 31st. This represents a $0.56 dividend on an annualized basis and a dividend yield of 8.01%. Doman Building Materials Group's dividend payout ratio is currently 86.55%.
Insider Activity at Doman Building Materials Group
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 currently owned by insiders.
About Doman Building Materials Group
(
Get Free Report)
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.
Featured Stories
Before you consider Doman Building Materials Group, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Doman Building Materials Group wasn't on the list.
While Doman Building Materials Group currently has a Buy rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Discover the 10 Best High-Yield Dividend Stocks for 2025 and secure reliable income in uncertain markets. Download the report now to identify top dividend payers and avoid common yield traps.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
