Analysts Set Doman Building Materials Group Ltd. (TSE:DBM) Target Price at C$12.65

Shares of Doman Building Materials Group Ltd. (TSE:DBM) have been assigned a consensus recommendation of “Buy” from the five brokerages that are presently covering the firm, MarketBeat.com reports. Five research analysts have rated the stock with a buy rating. The average 12-month target price among analysts that have issued ratings on the stock in the last year is C$12.65.

A number of analysts have issued reports on the company. Raymond James Financial raised their target price on Doman Building Materials Group from C$12.00 to C$12.50 and gave the company an “outperform” rating in a report on Thursday, August 6th. Desjardins upped 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 report on Tuesday, May 12th. National Bank Financial increased their price objective on Doman Building Materials Group from C$13.50 to C$14.00 and gave the company an “outperform” rating in a research report on Wednesday, July 22nd. Finally, Stifel Nicolaus raised their price objective on shares of 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 Price Performance

DBM stock opened at C$10.90 on Tuesday. The company has a debt-to-equity ratio of 153.48, a current ratio of 3.27 and a quick ratio of 1.11. Doman Building Materials Group has a 52-week low of C$8.47 and a 52-week high of C$11.99. The company has a 50-day moving average of C$11.24 and a two-hundred day moving average of C$10.60. The stock has a market capitalization of C$958.04 million, a price-to-earnings ratio of 11.35 and a beta of 1.62.

Doman Building Materials Group (TSE:DBM) last posted its quarterly earnings data on Wednesday, August 5th. The company reported C$0.36 EPS for the quarter. Doman Building Materials Group had a return on equity of 12.64% and a net margin of 2.71%.The business had revenue of C$904.47 million for the quarter. As a group, equities research analysts anticipate that Doman Building Materials Group will post 0.8051471 EPS for the current year.

Doman Building Materials Group Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Wednesday, July 15th. Shareholders of record on Wednesday, July 15th were given a $0.14 dividend. This represents a $0.56 annualized dividend and a yield of 5.1%. The ex-dividend date was Tuesday, June 30th. Doman Building Materials Group’s dividend payout ratio (DPR) is currently 58.33%.

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. 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.