Doman Building Materials Group (TSE:DBM) Given New C$12.00 Price Target at Stifel Nicolaus

Doman Building Materials Group (TSE:DBM) had its price objective upped by Stifel Nicolaus from C$11.00 to C$12.00 in a research note issued to investors on Monday,BayStreet.CA reports.

A number of other brokerages have also recently commented on DBM. National Bankshares raised their price target on shares of Doman Building Materials Group from C$8.50 to C$12.00 and gave the stock an “outperform” rating in a research note on Monday, October 7th. TD Securities raised their target price on Doman Building Materials Group from C$11.50 to C$12.00 in a research report on Tuesday, October 22nd. Raymond James upped their price target on Doman Building Materials Group from C$9.75 to C$11.50 and gave the company a “strong-buy” rating in a research report on Wednesday, October 2nd. CIBC lifted their price objective on Doman Building Materials Group from C$8.50 to C$9.00 and gave the company an “outperform” rating in a report on Wednesday, October 2nd. Finally, Canaccord Genuity Group boosted their target price on shares of Doman Building Materials Group from C$9.00 to C$11.00 and gave the company a “buy” rating in a research note on Wednesday, October 2nd. Five investment analysts have rated the stock with a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, the company currently has a consensus rating of “Buy” and a consensus target price of C$10.93.

Doman Building Materials Group Price Performance

Shares of TSE:DBM opened at C$9.77 on Monday. The company has a market cap of C$852.82 million, a price-to-earnings ratio of 13.57 and a beta of 1.53. The business has a 50 day moving average price of C$8.54 and a 200 day moving average price of C$7.57. The company has a quick ratio of 1.11, a current ratio of 3.78 and a debt-to-equity ratio of 132.33. Doman Building Materials Group has a twelve month low of C$6.32 and a twelve month high of C$9.83.

Doman Building Materials Group Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Tuesday, October 15th. Investors of record on Friday, September 27th were issued a dividend of $0.14 per share. The ex-dividend date was Friday, September 27th. This represents a $0.56 annualized dividend and a yield of 5.73%. Doman Building Materials Group’s payout ratio is presently 77.78%.

Doman Building Materials Group Company Profile

Doman Building Materials Group Ltd., through its subsidiaries, engages in the wholesale distribution of building materials and home renovation products in the United States and Canada. The company offers treated wood; siding and trim; decking and aluminum railing; engineered wood products; roofing products; insulation and wrap products; and lumber and plywood products.