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 research note released on Tuesday morning,BayStreet.CA reports. The brokerage currently has a buy rating on the stock.

DBM has been the subject of a number of other reports. Raymond James reduced their price target on shares of Doman Building Materials Group from C$12.00 to C$11.50 in a research note on Thursday, January 30th. CIBC dropped 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, Stifel Nicolaus increased their price target on Doman Building Materials Group from C$11.00 to C$12.00 in a research note on Monday, November 25th. Five analysts have rated the stock with a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Buy” and an average price target of C$10.64.

Doman Building Materials Group Price Performance

Shares of TSE DBM opened at C$7.17 on Tuesday. The firm’s 50-day simple moving average is C$7.50 and its 200 day simple moving average is C$8.23. The stock has a market cap of C$626.65 million, a P/E ratio of 11.08 and a beta of 1.53. The company has a quick ratio of 1.11, a current ratio of 2.94 and a debt-to-equity ratio of 112.91. Doman Building Materials Group has a fifty-two week low of C$6.32 and a fifty-two week high of C$9.96.

Doman Building Materials Group Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, April 15th. Shareholders of record on Tuesday, April 15th will be given a $0.14 dividend. The ex-dividend date is Monday, March 31st. This represents a $0.56 annualized dividend and a yield of 7.81%. Doman Building Materials Group’s dividend payout ratio (DPR) is 86.55%.

Insider Activity

In related news, Director Marc Seguin acquired 10,000 shares of the business’s stock in a transaction on Tuesday, March 4th. The shares were purchased 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.

Doman Building Materials Group Company Profile

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.