Doman Building Materials Group (TSE:DBM) Price Target Raised to C$12.00 at Stifel Nicolaus

Doman Building Materials Group (TSE:DBM) had its price target boosted by Stifel Nicolaus from C$11.50 to C$12.00 in a report released on Friday,BayStreet.CA reports. Stifel Nicolaus currently has a buy rating on the stock.

DBM has been the topic of several other reports. Raymond James Financial increased their price objective on Doman Building Materials Group from C$11.00 to C$12.00 and gave the company a “strong-buy” rating in a research report on Monday, March 9th. National Bank Financial increased their price objective on Doman Building Materials Group from C$12.00 to C$12.50 and gave the company an “outperform” rating in a research report on Monday, March 9th. Royal Bank Of Canada increased their price objective 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. Finally, Desjardins increased their price objective on Doman Building Materials Group from C$11.00 to C$12.00 and gave the company a “buy” rating in a research report on Monday, March 9th. One equities research analyst has rated the stock with a Strong Buy rating, five have assigned a Buy rating and one has issued a Hold rating to the company’s stock. According to data from MarketBeat.com, Doman Building Materials Group currently has an average rating of “Buy” and an average price target of C$11.13.

Doman Building Materials Group Trading Up 5.5%

Doman Building Materials Group stock opened at C$10.35 on Friday. The company has a debt-to-equity ratio of 157.89, a current ratio of 3.22 and a quick ratio of 1.11. Doman Building Materials Group has a one year low of C$6.68 and a one year high of C$10.60. The stock has a market capitalization of C$908.35 million, a PE ratio of 11.25 and a beta of 1.20. The business’s fifty day moving average is C$9.92 and its 200 day moving average is C$9.51.

Doman Building Materials Group (TSE:DBM) last released its quarterly earnings data on Thursday, March 5th. The company reported C$0.13 EPS for the quarter. Doman Building Materials Group had a return on equity of 12.47% and a net margin of 2.57%.The company had revenue of C$644.23 million for the quarter. On average, sell-side analysts predict that Doman Building Materials Group will post 0.8051471 EPS for the current year.

Doman Building Materials Group Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, April 15th. Shareholders of record on Wednesday, April 15th were given a $0.14 dividend. This represents a $0.56 annualized dividend and a yield of 5.4%. The ex-dividend date of this dividend was Tuesday, March 31st. Doman Building Materials Group’s dividend payout ratio (DPR) is presently 60.87%.

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. 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.