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

Doman Building Materials Group Ltd. (TSE:DBM) has been given a consensus rating of “Buy” by the six brokerages that are covering the stock, Marketbeat reports. Five equities research analysts have rated the stock with a buy recommendation and one has given a strong buy recommendation to the company. The average 12-month target price among brokerages that have covered the stock in the last year is C$10.93.

Several brokerages recently issued reports on DBM. Canaccord Genuity Group upped their price target on shares of Doman Building Materials Group from C$9.00 to C$11.00 and gave the stock a “buy” rating in a research report on Wednesday, October 2nd. TD Securities upped their target price on shares of Doman Building Materials Group from C$11.50 to C$12.00 in a research report on Tuesday, October 22nd. CIBC raised their price target on shares of Doman Building Materials Group from C$8.50 to C$9.00 and gave the company an “outperform” rating in a report on Wednesday, October 2nd. Raymond James upped their price objective on 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, National Bankshares boosted 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 research report on Monday, October 7th.

Doman Building Materials Group Price Performance

Doman Building Materials Group stock opened at C$9.78 on Friday. The business’s fifty day moving average is C$8.75 and its two-hundred day moving average is C$7.64. The company has a debt-to-equity ratio of 132.33, a quick ratio of 1.11 and a current ratio of 3.78. The firm has a market cap of C$853.70 million, a P/E ratio of 13.58 and a beta of 1.53. Doman Building Materials Group has a 52 week low of C$6.32 and a 52 week high of C$9.83.

Doman Building Materials Group Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, October 15th. Stockholders 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 annualized dividend and a dividend yield of 5.73%. Doman Building Materials Group’s dividend payout ratio is currently 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.