Doman Building Materials Group Ltd. (TSE:DBM) Given Consensus Rating of “Buy” by Analysts

Shares of Doman Building Materials Group Ltd. (TSE:DBM) have received a consensus recommendation of “Buy” from the six ratings firms that are presently covering the company, Marketbeat.com reports. Five equities research analysts have rated the stock with a buy recommendation and one has assigned a strong buy recommendation to the company. The average twelve-month target price among brokers that have updated their coverage on the stock in the last year is C$10.93.

Several research analysts have weighed in on DBM shares. National Bankshares lifted their target price on Doman Building Materials Group from C$8.50 to C$12.00 and gave the stock an “outperform” rating in a report on Monday, October 7th. CIBC increased their target price on Doman Building Materials Group from C$8.50 to C$9.00 and gave the stock an “outperform” rating in a research note on Wednesday, October 2nd. Canaccord Genuity Group raised their target price on shares of Doman Building Materials Group from C$9.00 to C$11.00 and gave the stock a “buy” rating in a report on Wednesday, October 2nd. Raymond James upped their price target on shares of Doman Building Materials Group from C$9.75 to C$11.50 and gave the company a “strong-buy” rating in a report on Wednesday, October 2nd. Finally, TD Securities raised their price objective on shares of Doman Building Materials Group from C$11.50 to C$12.00 in a report on Tuesday, October 22nd.

Doman Building Materials Group Trading Up 1.3 %

Shares of TSE DBM opened at C$9.78 on Friday. Doman Building Materials Group has a twelve month low of C$6.32 and a twelve month high of C$9.83. The stock has a market cap of C$853.70 million, a price-to-earnings ratio of 13.58 and a beta of 1.53. The company has a quick ratio of 1.11, a current ratio of 3.78 and a debt-to-equity ratio of 132.33. The company’s fifty day moving average is C$8.75 and its 200-day moving average is C$7.64.

Doman Building Materials Group Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, October 15th. Investors of record on Friday, September 27th were issued a dividend of $0.14 per share. This represents a $0.56 annualized dividend and a yield of 5.73%. The ex-dividend date of this dividend was Friday, September 27th. Doman Building Materials Group’s payout ratio is 77.78%.

About Doman Building Materials Group

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.