Doman Building Materials Group (TSE:DBM - Free Report) had its target price trimmed by Royal Bank of Canada from C$11.00 to C$10.00 in a research report released on Tuesday morning,BayStreet.CA reports. The firm currently has an outperform rating on the stock.
Several other research firms also recently issued reports on DBM. Raymond James cut their price objective on Doman Building Materials Group from C$12.00 to C$11.50 in a report on Thursday, January 30th. CIBC reduced their price target on shares of Doman Building Materials Group from C$11.50 to C$9.50 and set an "outperform" rating on the stock in a research report on Tuesday, March 4th. Stifel Nicolaus lowered their price objective on shares of Doman Building Materials Group from C$9.00 to C$8.00 and set a "buy" rating for the company in a research note on Thursday, April 17th. Finally, TD Securities set a C$9.50 target price on shares of Doman Building Materials Group and gave the stock a "buy" rating in a research note on Tuesday, March 25th. Two investment analysts have rated the stock with a hold rating, five have assigned a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and a consensus price target of C$9.93.
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Doman Building Materials Group Trading Down 0.6 %
Doman Building Materials Group stock traded down C$0.04 during trading on Tuesday, hitting C$6.71. The company had a trading volume of 86,583 shares, compared to its average volume of 233,212. The company has a current ratio of 2.94, a quick ratio of 1.11 and a debt-to-equity ratio of 112.91. The company's 50 day simple moving average is C$6.95 and its 200-day simple moving average is C$8.06. Doman Building Materials Group has a 1-year low of C$6.30 and a 1-year high of C$9.96. The stock has a market cap of C$586.45 million, a price-to-earnings ratio of 10.37 and a beta of 1.53.
Doman Building Materials Group Announces Dividend
The company also recently disclosed a quarterly dividend, which was paid on Tuesday, April 15th. Shareholders of record on Tuesday, April 15th were given a $0.14 dividend. This represents a $0.56 dividend on an annualized basis and a dividend yield of 8.35%. The ex-dividend date was Monday, March 31st. Doman Building Materials Group's dividend payout ratio is presently 86.55%.
Insider Activity
In other Doman Building Materials Group news, Director Marc Seguin bought 10,000 shares of the business's stock in a transaction dated Tuesday, March 4th. The shares were acquired at an average price 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
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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.
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