Doman Building Materials Group Ltd. (TSE:DBM - Get Free Report) shares passed above its two hundred day moving average during trading on Friday . The stock has a two hundred day moving average of C$7.89 and traded as high as C$8.62. Doman Building Materials Group shares last traded at C$8.61, with a volume of 43,677 shares changing hands.
Analysts Set New Price Targets
A number of brokerages have recently weighed in on DBM. Cibc World Mkts downgraded Doman Building Materials Group from a "strong-buy" rating to a "hold" rating in a report on Tuesday, April 22nd. Stifel Nicolaus raised their price objective on Doman Building Materials Group from C$8.00 to C$9.00 in a research report on Monday, May 12th. Canaccord Genuity Group dropped their target price on Doman Building Materials Group from C$11.00 to C$10.00 in a report on Monday, May 12th. Royal Bank of Canada reduced 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 research report on Tuesday, April 22nd. Finally, CIBC cut shares of Doman Building Materials Group from an "outperform" rating to a "neutral" rating and set a C$7.50 price target for the company. in a report on Tuesday, April 22nd. 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. According to MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and a consensus target price of C$10.13.
View Our Latest Research Report on DBM
Doman Building Materials Group Price Performance
The company has a market capitalization of C$747.26 million, a PE ratio of 13.21 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. The stock has a 50 day moving average price of C$7.57 and a two-hundred day moving average price of C$7.87.
Doman Building Materials Group Dividend Announcement
The firm also recently announced a quarterly dividend, which was paid on Tuesday, April 15th. Shareholders of record on Tuesday, April 15th were given a $0.14 dividend. This represents a $0.56 annualized dividend and a yield of 6.55%. The ex-dividend date was Monday, March 31st. Doman Building Materials Group's dividend payout ratio is 86.55%.
Doman Building Materials Group Company Profile
(
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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.
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