Royal Bank of Canada Raises Doman Building Materials Group (TSE:DBM) Price Target to C$9.00

Doman Building Materials Group (TSE:DBM – Get Rating) had its target price hoisted by Royal Bank of Canada from C$8.00 to C$9.00 in a research report report published on Monday, BayStreet.CA reports. Royal Bank of Canada currently has an outperform rating on the stock.

Several other research analysts have also commented on DBM. Stifel Nicolaus lifted their price objective on shares of Doman Building Materials Group from C$6.50 to C$8.00 in a research note on Monday, February 6th. National Bankshares lifted their price objective on shares of Doman Building Materials Group from C$6.50 to C$7.50 and gave the stock an outperform rating in a research note on Thursday, January 19th. Three research analysts have rated the stock with a hold rating and two have given a buy rating to the company. According to MarketBeat.com, Doman Building Materials Group currently has an average rating of Hold and an average target price of C$7.38.

Doman Building Materials Group Trading Down 4.7 %

DBM stock opened at C$6.75 on Monday. The firm has a fifty day moving average price of C$7.18 and a 200 day moving average price of C$6.28. 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 company has a debt-to-equity ratio of 127.77, a quick ratio of 1.11 and a current ratio of 2.74. The firm has a market cap of C$587.18 million, a PE ratio of 7.11 and a beta of 1.67.

Doman Building Materials Group Dividend Announcement

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

About Doman Building Materials Group

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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.