Doman Building Materials Group (TSE:DBM) Price Target Cut to C$10.00 by Analysts at Canaccord Genuity Group

Doman Building Materials Group (TSE:DBM - Free Report) had its price target trimmed by Canaccord Genuity Group from C$11.00 to C$10.00 in a research note issued to investors on Monday,BayStreet.CA reports.

A number of other equities research analysts have also commented on the company. Royal Bank of Canada lowered their price target on Doman Building Materials Group from C$11.00 to C$10.00 and set an "outperform" rating for the company in a research report on Tuesday, April 22nd. Raymond James lowered their target price on shares of Doman Building Materials Group from C$12.00 to C$11.50 in a report on Thursday, January 30th. Cibc World Mkts downgraded shares of Doman Building Materials Group from a "strong-buy" rating to a "hold" rating in a research report on Tuesday, April 22nd. TD Securities set a C$9.50 target price on shares of Doman Building Materials Group and gave the stock a "buy" rating in a research report on Tuesday, March 25th. Finally, CIBC downgraded Doman Building Materials Group from an "outperform" rating to a "neutral" rating and set a C$7.50 target price on the stock. in a research note on Tuesday, April 22nd. Two investment analysts have rated the stock with a hold rating, five have given a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and a consensus target price of C$10.13.

Doman Building Materials Group Stock Up 1.0%

DBM traded up C$0.08 during midday trading on Monday, reaching C$8.40. 35,508 shares of the company were exchanged, compared to its average volume of 233,423. The company has a market cap of C$734.15 million, a price-to-earnings ratio of 12.98 and a beta of 1.53. Doman Building Materials Group has a one year low of C$6.30 and a one year high of C$9.96. The company's fifty day moving average price is C$6.92 and its 200 day moving average price is C$7.92. 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 Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, April 15th. Investors of record on Tuesday, April 15th were issued 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 dividend yield of 6.67%. Doman Building Materials Group's dividend payout ratio (DPR) is presently 86.55%.

Insiders Place Their Bets

In other news, Director Marc Seguin acquired 10,000 shares of Doman Building Materials Group stock in a transaction that occurred on Tuesday, March 4th. The stock was bought at an average price of C$6.93 per share, with a total value of C$69,300.00. Company insiders own 20.04% of the company's stock.

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.