Doman Building Materials Group (TSE:DBM) PT Raised to C$7.25

Doman Building Materials Group (TSE:DBM – Get Rating) had its price target hoisted by CIBC from C$6.25 to C$7.25 in a report published on Monday morning, BayStreet.CA reports. They currently have a neutral rating on the stock.

DBM has been the subject of a number of other reports. National Bankshares boosted their price target on Doman Building Materials Group from C$6.50 to C$7.50 and gave the stock an outperform rating in a report on Thursday, January 19th. Stifel Nicolaus lifted their price objective on Doman Building Materials Group from C$6.50 to C$8.00 in a research report on Monday, February 6th. Finally, Royal Bank of Canada lifted their price objective on Doman Building Materials Group from C$8.00 to C$9.00 and gave the company an outperform rating in a research report on Monday. Three equities research analysts have rated the stock with a hold rating and two have given a buy rating to the stock. According to data from MarketBeat, the company presently has an average rating of Hold and an average target price of C$7.38.

Doman Building Materials Group Stock Performance

TSE DBM opened at C$6.75 on Monday. Doman Building Materials Group has a fifty-two week low of C$5.30 and a fifty-two week high of C$8.82. The stock has a market cap of C$587.18 million, a price-to-earnings ratio of 7.11 and a beta of 1.67. The business has a fifty day moving average of C$7.18 and a 200-day moving average of C$6.28. The company has a quick ratio of 1.11, a current ratio of 2.74 and a debt-to-equity ratio of 127.77.

Doman Building Materials Group Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, January 13th. Shareholders of record on Friday, December 30th were given a dividend of $0.14 per share. This represents a $0.56 dividend on an annualized basis and a yield of 8.30%. The ex-dividend date of this dividend was Thursday, December 29th. Doman Building Materials Group’s dividend payout ratio (DPR) is presently 58.95%.

Doman Building Materials Group Company Profile

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Doman Building Materials Group Ltd. distributes building materials and related products in Canada, the United States, and Hawai. It distributes a range of building materials, lumber, renovation, and electrical products. The company owns approximately 117,000 acres of private timberlands, and strategic licenses and tenures.