Doman Building Materials Group (TSE:DBM) PT Raised to C$10.00

Doman Building Materials Group (TSE:DBM – Free Report) had its price objective increased by National Bankshares from C$8.50 to C$10.00 in a research note released on Tuesday, BayStreet.CA reports.

A number of other brokerages also recently weighed in on DBM. Stifel Nicolaus raised their target price on shares of Doman Building Materials Group from C$9.25 to C$11.00 and gave the company a buy rating in a research note on Tuesday, March 5th. Raymond James raised their target price on shares of Doman Building Materials Group from C$9.75 to C$10.75 in a research note on Monday. Canaccord Genuity Group raised their target price on shares of Doman Building Materials Group from C$9.00 to C$10.00 in a research note on Monday. CIBC raised their target price on shares of Doman Building Materials Group from C$9.00 to C$10.00 and gave the company an outperform rating in a research note on Friday, January 12th. Finally, Royal Bank of Canada lifted their price target on shares of Doman Building Materials Group from C$9.00 to C$10.00 and gave the stock an outperform rating in a research note on Tuesday, December 19th. Four equities research analysts have rated the stock with a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, Doman Building Materials Group has a consensus rating of Buy and a consensus price target of C$9.68.

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Doman Building Materials Group Price Performance

DBM opened at C$8.05 on Tuesday. The company has a debt-to-equity ratio of 104.36, a quick ratio of 1.11 and a current ratio of 2.76. The firm has a market cap of C$700.59 million, a P/E ratio of 10.06 and a beta of 1.54. Doman Building Materials Group has a fifty-two week low of C$5.96 and a fifty-two week high of C$8.46. The firm has a 50-day moving average of C$8.02 and a 200 day moving average of C$7.54.

Doman Building Materials Group Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, January 12th. Stockholders of record on Friday, December 29th were issued a $0.14 dividend. This represents a $0.56 annualized dividend and a dividend yield of 6.96%. The ex-dividend date was Thursday, December 28th. Doman Building Materials Group’s dividend payout ratio is 70.00%.

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 for new home construction, home renovation, and industrial markets primarily in the United States and Canada. It distributes a range of building materials, lumber, and renovation products.

Further Reading

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