Doman Building Materials Group Ltd. (TSE:DBM) Receives C$12.21 Consensus Price Target from Brokerages

Doman Building Materials Group Ltd. (TSE:DBM) has been given a consensus recommendation of “Buy” by the six brokerages that are covering the firm, MarketBeat 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 1 year price objective among brokerages that have updated their coverage on the stock in the last year is C$12.21.

A number of equities analysts recently weighed in on the company. Raymond James Financial raised their price objective on Doman Building Materials Group from C$11.00 to C$12.00 and gave the company a “strong-buy” rating in a report on Monday, March 9th. National Bank Financial lifted their price target on Doman Building Materials Group from C$12.50 to C$13.50 and gave the stock an “outperform” rating in a research note on Tuesday, May 12th. Royal Bank Of Canada lifted their price target on Doman Building Materials Group from C$11.00 to C$12.00 and gave the stock an “outperform” rating in a research note on Thursday, April 16th. Desjardins lifted their price target on Doman Building Materials Group from C$12.00 to C$12.50 and gave the stock a “buy” rating in a research note on Tuesday, May 12th. Finally, Stifel Nicolaus lifted their price target on Doman Building Materials Group from C$12.00 to C$12.25 and gave the stock a “buy” rating in a research note on Tuesday, May 12th.

Doman Building Materials Group Stock Performance

Shares of TSE DBM opened at C$11.18 on Thursday. The stock has a market cap of C$981.19 million, a price-to-earnings ratio of 12.15 and a beta of 1.54. The company has a current ratio of 3.94, a quick ratio of 1.11 and a debt-to-equity ratio of 175.88. Doman Building Materials Group has a 1-year low of C$8.34 and a 1-year high of C$11.41. The stock’s 50-day moving average is C$10.41 and its 200 day moving average is C$10.01.

Doman Building Materials Group (TSE:DBM) last announced its quarterly earnings data on Friday, May 8th. The company reported C$0.27 earnings per share for the quarter. The company had revenue of C$761.97 million for the quarter. Doman Building Materials Group had a return on equity of 12.52% and a net margin of 2.61%. On average, sell-side analysts anticipate that Doman Building Materials Group will post 0.8051471 EPS for the current fiscal year.

Doman Building Materials Group Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, July 15th. Shareholders of record on Wednesday, July 15th will be paid a $0.14 dividend. This represents a $0.56 dividend on an annualized basis and a yield of 5.0%. The ex-dividend date of this dividend is Tuesday, June 30th. Doman Building Materials Group’s payout ratio is 60.87%.

Insider Buying and Selling

In related news, insider Darren John Alexander Gwozd purchased 5,200 shares of the firm’s stock in a transaction on Thursday, May 14th. The shares were acquired at an average cost of C$10.35 per share, with a total value of C$53,820.00. Following the purchase, the insider directly owned 5,200 shares of the company’s stock, valued at approximately C$53,820. This trade represents a ∞ increase in their ownership of the stock. 20.04% of the stock is owned by company insiders.

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. Its operations also include timber ownership and management of private timberlands and forest licenses, and agricultural post-peeling and pressure treating through CanWel Fibre Corp.