TD Securities Reiterates C$9.50 Price Target for Doman Building Materials Group (TSE:DBM)

TD Securities set a C$9.50 price target on Doman Building Materials Group (TSE:DBM) in a report released on Tuesday morning,BayStreet.CA reports. The brokerage currently has a buy rating on the stock.

Other equities analysts have also issued research reports about the stock. Stifel Nicolaus lifted their price target on shares of Doman Building Materials Group from C$11.00 to C$12.00 in a report on Monday, November 25th. CIBC reduced their target price on Doman Building Materials Group from C$11.50 to C$9.50 and set an “outperform” rating on the stock in a report on Tuesday, March 4th. Finally, Raymond James lowered their price target on Doman Building Materials Group from C$12.00 to C$11.50 in a research report on Thursday, January 30th. Five research analysts have rated the stock with a buy rating and one has given a strong buy rating to the company. According to MarketBeat, the stock presently has an average rating of “Buy” and a consensus price target of C$10.64.

Doman Building Materials Group Price Performance

DBM opened at C$7.04 on Tuesday. Doman Building Materials Group has a 1 year low of C$6.32 and a 1 year high of C$9.96. The company’s 50 day simple moving average is C$7.45 and its 200 day simple moving average is C$8.22. The stock has a market capitalization of C$615.29 million, a PE ratio of 10.88 and a beta of 1.53. The company has a debt-to-equity ratio of 112.91, a quick ratio of 1.11 and a current ratio of 2.94.

Doman Building Materials Group Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, April 15th. Investors of record on Tuesday, April 15th will be issued a dividend of $0.14 per share. The ex-dividend date of this dividend is Monday, March 31st. This represents a $0.56 annualized dividend and a dividend yield of 7.95%. Doman Building Materials Group’s payout ratio is 86.55%.

Insider Buying and Selling

In related news, Director Marc Seguin bought 10,000 shares of the company’s stock in a transaction that occurred on Tuesday, March 4th. The shares were acquired at an average cost of C$6.93 per share, for a total transaction of C$69,300.00. 20.04% of the stock is 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.