Doman Building Materials Group (TSE:DBM) Price Target Raised to C$10.50

Doman Building Materials Group (TSE:DBM - Free Report) had its price target boosted by National Bankshares from C$10.00 to C$10.50 in a research report report published on Monday morning, BayStreet.CA reports. They currently have an outperform rating on the stock.

Several other research firms have also commented on DBM. Canaccord Genuity Group lifted their price target on shares of Doman Building Materials Group from C$9.00 to C$10.00 in a report on Monday, March 11th. Raymond James upped their target price on Doman Building Materials Group from C$9.75 to C$10.75 in a report on Monday, March 11th. Finally, Stifel Nicolaus raised their price target on Doman Building Materials Group from C$9.25 to C$11.00 and gave the stock a buy rating in a report on Tuesday, March 5th. Four analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.com, the stock has an average rating of Buy and an average target price of C$10.21.

Doman Building Materials Group Stock Down 1.9 %

Doman Building Materials Group stock traded down C$0.14 during midday trading on Monday, hitting C$7.37. The stock had a trading volume of 529,747 shares, compared to its average volume of 161,864. The company has a current ratio of 1.56, a quick ratio of 1.11 and a debt-to-equity ratio of 116.54. The business has a fifty day moving average price of C$8.04 and a 200 day moving average price of C$7.75. Doman Building Materials Group has a 12 month low of C$6.08 and a 12 month high of C$8.64. The stock has a market cap of C$642.22 million, a P/E ratio of 8.47 and a beta of 1.57.

Doman Building Materials Group (TSE:DBM - Get Free Report) last posted its quarterly earnings results on Thursday, May 9th. The company reported C$0.16 earnings per share (EPS) for the quarter, meeting the consensus estimate of C$0.16. The business had revenue of C$602.48 million for the quarter, compared to analyst estimates of C$665.05 million. Doman Building Materials Group had a return on equity of 13.18% and a net margin of 3.04%. Research analysts predict that Doman Building Materials Group will post 0.7904016 EPS for the current year.

Doman Building Materials Group Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, April 12th. Shareholders of record on Thursday, March 28th were given a dividend of $0.14 per share. The ex-dividend date was Wednesday, March 27th. This represents a $0.56 dividend on an annualized basis and a yield of 7.60%. Doman Building Materials Group's dividend payout ratio (DPR) is presently 64.37%.

About Doman Building Materials Group

Doman Building Materials Group Ltd., through its subsidiaries, engages in the wholesale distribution of building materials and home renovation products in the United States and Canada. The company offers treated wood; siding and trim; decking and aluminum railing; engineered wood products; roofing products; insulation and wrap products; and lumber and plywood products.