Doman Building Materials Group (TSE:DBM) Stock Price Expected to Rise, Stifel Nicolaus Analyst Says

Doman Building Materials Group (TSE:DBM) had its price objective lifted by Stifel Nicolaus from C$11.00 to C$12.00 in a research note issued to investors on Monday,BayStreet.CA reports.

A number of other research firms also recently weighed in on DBM. TD Securities lifted their target price on Doman Building Materials Group from C$11.50 to C$12.00 in a research report on Tuesday, October 22nd. National Bankshares lifted their price target on shares of Doman Building Materials Group from C$8.50 to C$12.00 and gave the stock an “outperform” rating in a research note on Monday, October 7th. CIBC increased their price objective on shares of Doman Building Materials Group from C$8.50 to C$9.00 and gave the company an “outperform” rating in a research note on Wednesday, October 2nd. Raymond James raised their price objective on shares of Doman Building Materials Group from C$9.75 to C$11.50 and gave the stock a “strong-buy” rating in a report on Wednesday, October 2nd. Finally, Canaccord Genuity Group upped their target price on shares of Doman Building Materials Group from C$9.00 to C$11.00 and gave the company a “buy” rating in a research note on Wednesday, October 2nd. Five analysts have rated the stock with a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat.com, the stock currently has a consensus rating of “Buy” and an average target price of C$10.93.

Doman Building Materials Group Price Performance

Shares of Doman Building Materials Group stock opened at C$9.65 on Monday. The company has a debt-to-equity ratio of 132.33, a current ratio of 3.78 and a quick ratio of 1.11. The company has a market cap of C$842.35 million, a PE ratio of 13.40 and a beta of 1.53. The firm has a fifty day moving average price of C$8.71 and a two-hundred day moving average price of C$7.63. Doman Building Materials Group has a fifty-two week low of C$6.32 and a fifty-two week high of C$9.83.

Doman Building Materials Group Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Tuesday, October 15th. Shareholders of record on Friday, September 27th were given a $0.14 dividend. The ex-dividend date was Friday, September 27th. This represents a $0.56 dividend on an annualized basis and a yield of 5.80%. Doman Building Materials Group’s dividend payout ratio (DPR) is presently 77.78%.

Doman Building Materials Group Company Profile

Doman Building Materials Group Ltd., through its subsidiaries, engages in the wholesale distribution of building materials and home renovation products in the United States and Canada. The company offers treated wood; siding and trim; decking and aluminum railing; engineered wood products; roofing products; insulation and wrap products; and lumber and plywood products.