Doman Building Materials Group Ltd. (TSE:DBM) Receives Consensus Recommendation of "Moderate Buy" from Analysts

Shares of Doman Building Materials Group Ltd. (TSE:DBM - Get Free Report) have been assigned a consensus rating of "Moderate Buy" from the eight analysts that are presently covering the stock, MarketBeat reports. Two equities research analysts have rated the stock with a hold rating, five have issued a buy rating and one has given a strong buy rating to the company. The average 1-year target price among brokerages that have issued ratings on the stock in the last year is C$10.13.

Several brokerages have weighed in on DBM. Cibc World Mkts lowered shares of Doman Building Materials Group from a "strong-buy" rating to a "hold" rating in a research note on Tuesday, April 22nd. Canaccord Genuity Group dropped their target price on Doman Building Materials Group from C$11.00 to C$10.00 in a research report on Monday, May 12th. TD Securities increased their price target on shares of Doman Building Materials Group from C$9.50 to C$10.00 in a research report on Monday, May 12th. Stifel Nicolaus lifted their price objective on shares of Doman Building Materials Group from C$8.00 to C$9.00 in a report on Monday, May 12th. Finally, Royal Bank of Canada cut their target price on shares of Doman Building Materials Group from C$11.00 to C$10.00 and set an "outperform" rating on the stock in a research note on Tuesday, April 22nd.

Doman Building Materials Group Trading Down 0.1%

Shares of TSE DBM traded down C$0.01 during mid-day trading on Friday, reaching C$8.54. 58,160 shares of the company's stock were exchanged, compared to its average volume of 216,960. The firm has a market capitalization of C$746.39 million, a price-to-earnings ratio of 13.20 and a beta of 1.53. The company has a debt-to-equity ratio of 112.91, a quick ratio of 1.11 and a current ratio of 2.94. Doman Building Materials Group has a 52-week low of C$6.30 and a 52-week high of C$9.96. The company's 50-day moving average is C$7.57 and its 200-day moving average is C$7.87.

Doman Building Materials Group Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, April 15th. Investors of record on Tuesday, April 15th were paid a $0.14 dividend. The ex-dividend date of this dividend was Monday, March 31st. This represents a $0.56 dividend on an annualized basis and a yield of 6.56%. Doman Building Materials Group's dividend payout ratio is currently 86.55%.

About Doman Building Materials Group

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.