Doman Building Materials Group Ltd. (TSE:DBM) Receives Average Rating of "Moderate Buy" from Brokerages

Doman Building Materials Group Ltd. (TSE:DBM - Get Free Report) has been given an average rating of "Moderate Buy" by the eight brokerages that are covering the stock, Marketbeat reports. Two equities research analysts have rated the stock with a hold recommendation, five have given a buy recommendation and one has issued a strong buy recommendation on the company. The average 1 year price objective among analysts that have covered the stock in the last year is C$9.93.

A number of equities analysts recently commented on the company. CIBC downgraded Doman Building Materials Group from an "outperform" rating to a "neutral" rating and set a C$7.50 target price for the company. in a report on Tuesday. Stifel Nicolaus dropped their target price 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 report on Thursday, April 17th. Cibc World Mkts cut shares of Doman Building Materials Group from a "strong-buy" rating to a "hold" rating in a research report on Tuesday. TD Securities set a C$9.50 price objective on shares of Doman Building Materials Group and gave the stock a "buy" rating in a report on Tuesday, March 25th. Finally, Raymond James reduced their target price on Doman Building Materials Group from C$12.00 to C$11.50 in a report on Thursday, January 30th.

Insider Buying and Selling

In related news, Director Marc Seguin bought 10,000 shares of the stock in a transaction on Tuesday, March 4th. The shares were acquired at an average price of C$6.93 per share, for a total transaction of C$69,300.00. 20.04% of the stock is owned by company insiders.

Doman Building Materials Group Trading Up 0.1 %

TSE:DBM traded up C$0.01 during mid-day trading on Friday, reaching C$6.79. 65,576 shares of the company's stock traded hands, compared to its average volume of 234,234. The company has a 50 day moving average price of C$6.97 and a 200-day moving average price of C$8.08. The firm has a market capitalization of C$593.44 million, a price-to-earnings ratio of 10.49 and a beta of 1.53. The company has a debt-to-equity ratio of 112.91, a current ratio of 2.94 and a quick ratio of 1.11. Doman Building Materials Group has a 12-month low of C$6.30 and a 12-month high of C$9.96.

Doman Building Materials Group Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Tuesday, April 15th. Stockholders of record on Tuesday, April 15th were issued a dividend of $0.14 per share. This represents a $0.56 dividend on an annualized basis and a dividend yield of 8.25%. The ex-dividend date of this dividend was Monday, March 31st. Doman Building Materials Group's payout ratio is 86.55%.

Doman Building Materials Group Company Profile

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.