Shares of Doman Building Materials Group Ltd. (TSE:DBM - Get Free Report) passed above its two hundred day moving average during trading on Wednesday . The stock has a two hundred day moving average of C$7.93 and traded as high as C$8.43. Doman Building Materials Group shares last traded at C$8.21, with a volume of 140,642 shares trading hands.
Wall Street Analysts Forecast Growth
A number of equities research analysts have recently issued reports on DBM shares. Canaccord Genuity Group lowered their target price on Doman Building Materials Group from C$11.00 to C$10.00 in a research note on Monday, May 12th. Cibc World Mkts lowered Doman Building Materials Group from a "strong-buy" rating to a "hold" rating in a research note on Tuesday, April 22nd. Royal Bank of Canada lowered their target price on Doman Building Materials Group from C$11.00 to C$10.00 and set an "outperform" rating for the company in a research note on Tuesday, April 22nd. TD Securities raised their price objective on Doman Building Materials Group from C$9.50 to C$10.00 in a research note on Monday, May 12th. Finally, Stifel Nicolaus raised their price objective on Doman Building Materials Group from C$8.00 to C$9.00 in a research note on Monday, May 12th. Two research analysts have rated the stock with a hold rating, five have assigned a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat, Doman Building Materials Group has a consensus rating of "Moderate Buy" and a consensus price target of C$10.13.
View Our Latest Stock Analysis on Doman Building Materials Group
Doman Building Materials Group Trading Up 1.9%
The business has a 50 day simple moving average of C$7.22 and a two-hundred day simple moving average of C$7.92. The company has a current ratio of 2.94, a quick ratio of 1.11 and a debt-to-equity ratio of 112.91. The stock has a market cap of C$741.15 million, a price-to-earnings ratio of 13.11 and a beta of 1.53.
Doman Building Materials Group Announces Dividend
The company also recently announced a quarterly dividend, which was paid on Tuesday, April 15th. Shareholders 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 yield of 6.60%. The ex-dividend date of this dividend was Monday, March 31st. Doman Building Materials Group's dividend payout ratio is presently 86.55%.
Insiders Place Their Bets
In other news, Director Marc Seguin bought 10,000 shares of Doman Building Materials Group stock in a transaction on Tuesday, March 4th. The shares were bought at an average price of C$6.93 per share, with a total value of C$69,300.00. 20.04% of the stock is currently owned by company insiders.
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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