Doman Building Materials Group (TSE:DBM) Price Target Raised to C$12.00

Doman Building Materials Group (TSE:DBM) had its price objective increased by Stifel Nicolaus from C$11.00 to C$12.00 in a report released on Monday morning,BayStreet.CA reports.

Other equities analysts have also recently issued reports about the stock. National Bankshares boosted their target price on shares of Doman Building Materials Group from C$8.50 to C$12.00 and gave the company an “outperform” rating in a research report on Monday, October 7th. Canaccord Genuity Group boosted their price objective 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 report on Wednesday, October 2nd. TD Securities upped their target price on Doman Building Materials Group from C$11.50 to C$12.00 in a research note on Tuesday, October 22nd. Raymond James lifted their price target on Doman Building Materials Group from C$9.75 to C$11.50 and gave the company a “strong-buy” rating in a research note on Wednesday, October 2nd. Finally, CIBC upped their price objective on Doman Building Materials Group from C$8.50 to C$9.00 and gave the stock an “outperform” rating in a research report on Wednesday, October 2nd. Five research analysts have rated the stock with a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat, the stock has a consensus rating of “Buy” and an average price target of C$10.93.

Doman Building Materials Group Stock Performance

Shares of TSE:DBM opened at C$9.77 on Monday. Doman Building Materials Group has a 12-month low of C$6.32 and a 12-month high of C$9.83. The company’s 50 day moving average price is C$8.54 and its two-hundred day moving average price is C$7.57. The firm has a market cap of C$852.82 million, a PE ratio of 13.57 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.

Doman Building Materials Group Dividend Announcement

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