Doman Building Materials Group (TSE:DBM) Sets New 12-Month High - Here's Why

Shares of Doman Building Materials Group Ltd. (TSE:DBM - Get Free Report) hit a new 52-week high during mid-day trading on Monday . The stock traded as high as C$9.34 and last traded at C$9.30, with a volume of 15866 shares trading hands. The stock had previously closed at C$9.29.

Analysts Set New Price Targets

A number of equities analysts recently weighed in on DBM shares. Raymond James upped their price target on Doman Building Materials Group from C$9.75 to C$11.50 and gave the stock a "strong-buy" rating in a report on Wednesday, October 2nd. Stifel Nicolaus upped their price target on Doman Building Materials Group from C$9.25 to C$10.00 and gave the stock a "buy" rating in a report on Thursday, October 17th. TD Securities upped their price target on Doman Building Materials Group from C$11.50 to C$12.00 in a report on Tuesday, October 22nd. Canaccord Genuity Group upped their price target on Doman Building Materials Group from C$9.00 to C$11.00 and gave the stock a "buy" rating in a report on Wednesday, October 2nd. Finally, National Bankshares upped their price target on Doman Building Materials Group from C$8.50 to C$12.00 and gave the stock an "outperform" rating in a report on Monday, October 7th. Five investment analysts have rated the stock with a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of "Buy" and an average price target of C$10.64.

Doman Building Materials Group Stock Down 0.8 %

The company has a debt-to-equity ratio of 132.33, a current ratio of 3.78 and a quick ratio of 1.11. The business has a fifty day simple moving average of C$8.31 and a 200 day simple moving average of C$7.52. The firm has a market cap of C$804.81 million, a price-to-earnings ratio of 13.00 and a beta of 1.53.

Doman Building Materials Group Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Tuesday, October 15th. Stockholders of record on Friday, September 27th were given a $0.14 dividend. The ex-dividend date was Friday, September 27th. This represents a $0.56 dividend on an annualized basis and a dividend yield of 6.07%. Doman Building Materials Group's dividend payout ratio (DPR) is presently 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.