Raymond James Increases Doman Building Materials Group (TSE:DBM) Price Target to C$7.00

Doman Building Materials Group (TSE:DBM – Get Rating) had its price objective boosted by Raymond James from C$6.50 to C$7.00 in a research note issued to investors on Tuesday morning, BayStreet.CA reports. Raymond James currently has a market perform rating on the stock.

Several other equities analysts have also recently weighed in on DBM. CIBC lifted their price target on Doman Building Materials Group from C$6.25 to C$7.25 and gave the company a neutral rating in a research report on Monday. National Bankshares lifted their price objective on Doman Building Materials Group from C$6.50 to C$7.50 and gave the company an outperform rating in a research note 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 note on Monday, February 6th. 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 note on Monday. Finally, Canaccord Genuity Group lifted their price objective on Doman Building Materials Group from C$5.00 to C$6.00 in a research note on Monday. Three research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has an average rating of Hold and a consensus target price of C$7.46.

Doman Building Materials Group Price Performance

Shares of TSE DBM opened at C$6.79 on Tuesday. The stock has a market cap of C$590.66 million, a PE ratio of 6.72 and a beta of 1.67. 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 121.36, a quick ratio of 1.11 and a current ratio of 2.22. The stock has a fifty day moving average of C$7.19 and a 200-day moving average of C$6.29.

Doman Building Materials Group Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, January 13th. Stockholders of record on Friday, December 30th were paid a $0.14 dividend. This represents a $0.56 dividend on an annualized basis and a dividend yield of 8.25%. The ex-dividend date of this dividend was Thursday, December 29th. Doman Building Materials Group’s dividend payout ratio (DPR) is presently 55.45%.

Doman Building Materials Group Company Profile

(Get Rating)

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.