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

Doman Building Materials Group Ltd. (TSE:DBM) has been assigned a consensus recommendation of “Buy” from the six research firms that are presently covering the firm, MarketBeat.com reports. Five analysts have rated the stock with a buy rating and one has given a strong buy rating to the company. The average 12-month target price among analysts that have covered the stock in the last year is C$10.64.

A number of brokerages recently weighed in on DBM. TD Securities set a C$9.50 price target on shares of Doman Building Materials Group and gave the company a “buy” rating in a research note on Tuesday, March 25th. Raymond James reduced their price objective on Doman Building Materials Group from C$12.00 to C$11.50 in a research note on Thursday, January 30th. Finally, CIBC decreased their price target on shares of Doman Building Materials Group from C$11.50 to C$9.50 and set an “outperform” rating on the stock in a research note on Tuesday, March 4th.

Doman Building Materials Group Stock Performance

TSE:DBM opened at C$6.99 on Tuesday. The company has a fifty day moving average of C$7.43 and a two-hundred day moving average of C$8.22. Doman Building Materials Group has a fifty-two week low of C$6.32 and a fifty-two week high of C$9.96. The stock has a market capitalization of C$610.92 million, a PE ratio of 10.80 and a beta of 1.53. The company has a debt-to-equity ratio of 112.91, a quick ratio of 1.11 and a current ratio of 2.94.

Doman Building Materials Group Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, April 15th. Stockholders of record on Tuesday, April 15th will be given a dividend of $0.14 per share. This represents a $0.56 annualized dividend and a dividend yield of 8.01%. The ex-dividend date is Monday, March 31st. Doman Building Materials Group’s payout ratio is presently 86.55%.

Insider Buying and Selling at Doman Building Materials Group

In other news, Director Marc Seguin purchased 10,000 shares of the firm’s stock in a transaction on Tuesday, March 4th. The shares were bought at an average cost of C$6.93 per share, for a total transaction of C$69,300.00. Company 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.