Doman Building Materials Group (TSE:DBM) Price Target Lowered to C$8.50 at National Bankshares

Doman Building Materials Group (TSE:DBM – Free Report) had its price objective trimmed by National Bankshares from C$10.50 to C$8.50 in a report released on Tuesday, BayStreet.CA reports. The brokerage currently has an outperform rating on the stock.

Several other research analysts also recently commented on the stock. Canaccord Genuity Group lowered their price objective on shares of Doman Building Materials Group from C$10.00 to C$9.00 and set a buy rating for the company in a research report on Tuesday, May 14th. Royal Bank of Canada dropped their price objective on Doman Building Materials Group from C$10.00 to C$9.00 in a research report on Thursday, July 11th. Raymond James decreased their target price on Doman Building Materials Group from C$10.75 to C$9.75 and set a strong-buy rating on the stock in a research report on Monday, May 13th. Finally, CIBC dropped their target price on shares of Doman Building Materials Group from C$9.00 to C$8.50 in a report on Thursday, July 18th. Five analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat.com, Doman Building Materials Group presently has an average rating of Buy and an average price target of C$9.29.

View Our Latest Stock Analysis on DBM

Doman Building Materials Group Price Performance

Shares of TSE:DBM opened at C$6.66 on Tuesday. The firm has a 50 day moving average of C$6.97 and a 200-day moving average of C$7.54. Doman Building Materials Group has a 12 month low of C$6.32 and a 12 month high of C$8.64. The company has a current ratio of 1.30, a quick ratio of 1.11 and a debt-to-equity ratio of 142.37. The stock has a market capitalization of C$580.35 million, a PE ratio of 7.71 and a beta of 1.58.

Doman Building Materials Group Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, July 12th. Shareholders of record on Friday, June 28th were issued a $0.14 dividend. The ex-dividend date of this dividend was Friday, June 28th. This represents a $0.56 dividend on an annualized basis and a yield of 8.41%. Doman Building Materials Group’s payout ratio is presently 65.12%.

Insider Activity

In other news, Director Amar Doman acquired 73,500 shares of the stock in a transaction dated Thursday, May 30th. The stock was bought at an average price of C$7.13 per share, with a total value of C$524,415.15. Insiders own 19.98% of the company’s stock.

Doman Building Materials Group Company Profile

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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.

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