Analysts Set Doman Building Materials Group Ltd. (TSE:DBM) Price Target at C$12.21

Doman Building Materials Group Ltd. (TSE:DBM) has received an average recommendation of “Buy” from the six brokerages that are covering the stock, MarketBeat reports. Five research analysts have rated the stock with a buy rating and one has given a strong buy rating to the company. The average 1 year price objective among analysts that have updated their coverage on the stock in the last year is C$12.21.

A number of analysts recently weighed in on the stock. Stifel Nicolaus raised their price objective on shares of Doman Building Materials Group from C$12.00 to C$12.25 and gave the stock a “buy” rating in a research note on Tuesday, May 12th. Royal Bank Of Canada upped their target price on Doman Building Materials Group from C$11.00 to C$12.00 and gave the company an “outperform” rating in a research note on Thursday, April 16th. Desjardins increased their price target on 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. Finally, National Bank Financial boosted their price objective on Doman Building Materials Group from C$12.50 to C$13.50 and gave the company an “outperform” rating in a report on Tuesday, May 12th.

Doman Building Materials Group Price Performance

Shares of DBM opened at C$11.86 on Monday. The company has a quick ratio of 1.11, a current ratio of 3.94 and a debt-to-equity ratio of 175.88. The business has a fifty day moving average of C$10.91 and a 200 day moving average of C$10.28. The company has a market cap of C$1.04 billion, a PE ratio of 12.89 and a beta of 1.51. Doman Building Materials Group has a 52-week low of C$8.34 and a 52-week high of C$11.99.

Doman Building Materials Group (TSE:DBM) last announced its earnings results on Friday, May 8th. The company reported C$0.27 earnings per share for the quarter. Doman Building Materials Group had a net margin of 2.61% and a return on equity of 12.52%. The business had revenue of C$761.97 million for the quarter. On average, sell-side analysts expect that Doman Building Materials Group will post 0.8051471 EPS for the current year.

Doman Building Materials Group Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Wednesday, July 15th. Stockholders of record on Wednesday, July 15th were paid a dividend of $0.14 per share. This represents a $0.56 dividend on an annualized basis and a dividend yield of 4.7%. The ex-dividend date of this dividend was Tuesday, June 30th. Doman Building Materials Group’s payout ratio is currently 60.87%.

Insider Activity

In related news, insider Darren John Alexander Gwozd purchased 5,200 shares of the business’s stock in a transaction dated Thursday, May 14th. The shares were purchased at an average cost of C$10.35 per share, for a total transaction of C$53,820.00. Following the completion of the acquisition, the insider owned 5,200 shares in the company, valued at approximately C$53,820. This trade represents a ∞ increase in their position. Corporate insiders own 20.04% of the company’s stock.

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.