Doman Building Materials Group (TSE:DBM) Stock Price Expected to Rise, Stifel Nicolaus Analyst Says

Doman Building Materials Group (TSE:DBM) had its price objective lifted by Stifel Nicolaus from C$8.00 to C$9.00 in a research report released on Monday morning,BayStreet.CA reports.

Other research analysts have also recently issued research reports about the company. 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. TD Securities set a C$9.50 target price on Doman Building Materials Group and gave the company a “buy” rating in a research report on Tuesday, March 25th. Royal Bank of Canada dropped their price target on Doman Building Materials Group from C$11.00 to C$10.00 and set an “outperform” rating on the stock in a research report on Tuesday, April 22nd. CIBC downgraded shares of Doman Building Materials Group from an “outperform” rating to a “neutral” rating and set a C$7.50 price target on the stock. in a research report on Tuesday, April 22nd. Finally, Cibc World Mkts downgraded Doman Building Materials Group from a “strong-buy” rating to a “hold” rating in a report on Tuesday, April 22nd. Two investment analysts have rated the stock with a hold rating, five have given a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of C$10.13.

Doman Building Materials Group Stock Down 2.5%

Shares of TSE:DBM opened at C$8.32 on Monday. The firm has a market cap of C$727.16 million, a price-to-earnings ratio of 12.86 and a beta of 1.53. Doman Building Materials Group has a 12-month low of C$6.30 and a 12-month high of C$9.96. The company has a current ratio of 2.94, a quick ratio of 1.11 and a debt-to-equity ratio of 112.91. The stock’s 50-day moving average price is C$6.92 and its two-hundred day moving average price is C$7.92.

Doman Building Materials Group Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Tuesday, April 15th. Investors of record on Tuesday, April 15th were paid a $0.14 dividend. The ex-dividend date of this dividend was Monday, March 31st. This represents a $0.56 dividend on an annualized basis and a dividend yield of 6.73%. Doman Building Materials Group’s payout ratio is 86.55%.

Insider Activity at Doman Building Materials Group

In other news, Director Marc Seguin purchased 10,000 shares of the firm’s stock in a transaction that occurred on Tuesday, March 4th. The shares were acquired at an average price of C$6.93 per share, for a total transaction of C$69,300.00. 20.04% of the stock is currently owned by insiders.

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.