Doman Building Materials Group (TSE:DBM) Price Target Raised to C$12.50

Doman Building Materials Group (TSE:DBM) had its target price increased by Raymond James Financial from C$12.00 to C$12.50 in a research report report published on Thursday,BayStreet.CA reports. The firm currently has an outperform rating on the stock.

Several other research analysts have also recently issued reports on DBM. Stifel Nicolaus lifted their target price on Doman Building Materials Group from C$12.00 to C$12.25 and gave the company a “buy” rating in a research report on Tuesday, May 12th. Royal Bank Of Canada increased their price target on Doman Building Materials Group from C$11.00 to C$12.00 and gave the company an “outperform” rating in a research report on Thursday, April 16th. National Bank Financial raised their price objective on Doman Building Materials Group from C$13.50 to C$14.00 and gave the company an “outperform” rating in a research note on Wednesday, July 22nd. Finally, Desjardins lifted their price objective on shares of Doman Building Materials Group from C$12.00 to C$12.50 and gave the stock a “buy” rating in a report on Tuesday, May 12th. Five investment analysts have rated the stock with a Buy rating, According to data from MarketBeat, Doman Building Materials Group has an average rating of “Buy” and an average target price of C$12.65.

Doman Building Materials Group Stock Performance

DBM opened at C$11.75 on Thursday. The firm has a market capitalization of C$1.03 billion, a P/E ratio of 12.77 and a beta of 1.51. The company has a quick ratio of 1.11, a current ratio of 3.94 and a debt-to-equity ratio of 175.88. Doman Building Materials Group has a 12-month low of C$8.47 and a 12-month high of C$11.99. The stock’s 50 day moving average price is C$11.25 and its two-hundred day moving average price is C$10.46.

Doman Building Materials Group (TSE:DBM) last issued its quarterly earnings data on Wednesday, August 5th. The company reported C$0.36 EPS for the quarter. The firm had revenue of C$904.47 million during the quarter. Doman Building Materials Group had a return on equity of 12.52% and a net margin of 2.61%. On average, equities analysts forecast that Doman Building Materials Group will post 0.8051471 earnings per share for the current year.

Doman Building Materials Group Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, July 15th. Shareholders of record on Wednesday, July 15th were paid a $0.14 dividend. The ex-dividend date was Tuesday, June 30th. This represents a $0.56 annualized dividend and a yield of 4.8%. Doman Building Materials Group’s dividend payout ratio (DPR) is 60.87%.

Insider Activity at Doman Building Materials Group

In other Doman Building Materials Group news, insider Darren John Alexander Gwozd bought 5,200 shares of the business’s stock in a transaction dated Thursday, May 14th. The shares were purchased at an average price of C$10.35 per share, for a total transaction of C$53,820.00. Following the purchase, the insider directly owned 5,200 shares of the company’s stock, valued at approximately C$53,820. This represents a ∞ increase in their ownership of the stock. 20.04% of the stock is currently owned by corporate insiders.

About Doman Building Materials Group

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. Its operations also include timber ownership and management of private timberlands and forest licenses, and agricultural post-peeling and pressure treating through CanWel Fibre Corp.