Doman Building Materials Group (TSE:DBM) Cut to “Hold” at Cibc World Mkts

Cibc World Mkts lowered shares of Doman Building Materials Group (TSE:DBM) from a strong-buy rating to a hold rating in a research report sent to investors on Tuesday morning,Zacks.com reports.

DBM has been the topic of a number of other reports. Raymond James cut their target price on Doman Building Materials Group from C$12.00 to C$11.50 in a research note on Thursday, January 30th. TD Securities set a C$9.50 price objective on shares of Doman Building Materials Group and gave the company a “buy” rating in a research note on Tuesday, March 25th. Stifel Nicolaus decreased their target price on shares of Doman Building Materials Group from C$9.00 to C$8.00 and set a “buy” rating for the company in a report on Thursday, April 17th. CIBC cut shares of Doman Building Materials Group from an “outperform” rating to a “neutral” rating and set a C$7.50 price target on the stock. in a report on Tuesday. Finally, Royal Bank of Canada reduced their price target on shares of Doman Building Materials Group from C$11.00 to C$10.00 and set an “outperform” rating for the company in a research report on Tuesday. Two research analysts have rated the stock with a hold rating, five have given a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of C$9.93.

Doman Building Materials Group Stock Performance

Shares of DBM opened at C$6.85 on Tuesday. The company has a quick ratio of 1.11, a current ratio of 2.94 and a debt-to-equity ratio of 112.91. The stock has a market cap of C$598.69 million, a P/E ratio of 10.59 and a beta of 1.53. The business’s 50 day moving average price is C$6.99 and its 200-day moving average price is C$8.09. Doman Building Materials Group has a 52 week low of C$6.30 and a 52 week high of C$9.96.

Doman Building Materials Group Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, April 15th. Shareholders of record on Tuesday, April 15th were paid a dividend of $0.14 per share. The ex-dividend date was Monday, March 31st. This represents a $0.56 dividend on an annualized basis and a yield of 8.18%. Doman Building Materials Group’s dividend payout ratio is presently 86.55%.

Insiders Place Their Bets

In other Doman Building Materials Group news, Director Marc Seguin purchased 10,000 shares of the company’s stock in a transaction dated Tuesday, March 4th. The shares were acquired at an average price of C$6.93 per share, for a total transaction of C$69,300.00. Insiders own 20.04% of the company’s stock.

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.