Doman Building Materials Group Ltd. (TSE:DBM) Given Consensus Rating of "Moderate Buy" by Analysts

Doman Building Materials Group Ltd. (TSE:DBM - Get Free Report) has earned a consensus rating of "Moderate Buy" from the eight analysts that are covering the firm, Marketbeat reports. Two analysts have rated the stock with a hold rating, five have assigned a buy rating and one has assigned a strong buy rating to the company. The average 12 month target price among brokers that have issued a report on the stock in the last year is C$10.13.

Several equities research analysts recently weighed in on the stock. TD Securities upped their price objective on shares of Doman Building Materials Group from C$9.50 to C$10.00 in a report on Monday, May 12th. Raymond James cut their price target on shares of Doman Building Materials Group from C$12.00 to C$11.50 in a report on Thursday, January 30th. Canaccord Genuity Group cut their price target on shares of Doman Building Materials Group from C$11.00 to C$10.00 in a report on Monday, May 12th. Stifel Nicolaus upped their price target 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 price target on shares of Doman Building Materials Group from C$11.00 to C$10.00 and set an "outperform" rating for the company in a report on Tuesday, April 22nd.

Insider Activity

In other news, Director Marc Seguin acquired 10,000 shares of the company's stock in a transaction that occurred on Tuesday, March 4th. The shares were purchased 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 corporate insiders.

Doman Building Materials Group Price Performance

DBM stock traded up C$0.06 during trading on Wednesday, hitting C$8.50. The company had a trading volume of 190,113 shares, compared to its average volume of 234,114. The firm has a market capitalization of C$742.89 million, a price-to-earnings ratio of 13.14 and a beta of 1.53. The business has a 50 day moving average of C$7.02 and a 200 day moving average of C$7.93. Doman Building Materials Group has a fifty-two week low of C$6.30 and a fifty-two week high of C$9.96. The company has a current ratio of 2.94, a quick ratio of 1.11 and a debt-to-equity ratio of 112.91.

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 paid a dividend of $0.14 per share. This represents a $0.56 dividend on an annualized basis and a yield of 6.59%. The ex-dividend date was Monday, March 31st. Doman Building Materials Group's dividend payout ratio is presently 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.