Stifel Nicolaus Lowers Doman Building Materials Group (TSE:DBM) Price Target to C$8.00

Doman Building Materials Group (TSE:DBM) had its price target decreased by Stifel Nicolaus from C$9.00 to C$8.00 in a research report report published on Thursday,BayStreet.CA reports. Stifel Nicolaus currently has a buy rating on the stock.

DBM has been the topic of several other reports. Raymond James lowered their price objective on Doman Building Materials Group from C$12.00 to C$11.50 in a research report on Thursday, January 30th. CIBC lowered their price target on Doman Building Materials Group from C$11.50 to C$9.50 and set an “outperform” rating on the stock in a report on Tuesday, March 4th. Finally, TD Securities set a C$9.50 price objective on shares of Doman Building Materials Group and gave the company a “buy” rating in a report on Tuesday, March 25th. Five research analysts have rated the stock with a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat.com, the company presently has an average rating of “Buy” and an average target price of C$10.07.

Doman Building Materials Group Stock Performance

Shares of TSE DBM opened at C$6.86 on Thursday. The stock has a market cap of C$599.56 million, a PE ratio of 10.60 and a beta of 1.53. Doman Building Materials Group has a 1 year low of C$6.30 and a 1 year high of C$9.96. The firm has a fifty day moving average price of C$7.04 and a 200-day moving average price of C$8.12. The company has a debt-to-equity ratio of 112.91, a current ratio of 2.94 and a quick ratio of 1.11.

Doman Building Materials Group Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, April 15th. Shareholders of record on Tuesday, April 15th were paid a $0.14 dividend. This represents a $0.56 dividend on an annualized basis and a yield of 8.16%. The ex-dividend date of this dividend was Monday, March 31st. Doman Building Materials Group’s payout ratio is 86.55%.

Insider Transactions at Doman Building Materials Group

In other Doman Building Materials Group news, Director Marc Seguin bought 10,000 shares of Doman Building Materials Group stock in a transaction dated Tuesday, March 4th. The shares were purchased at an average cost of C$6.93 per share, for a total transaction of C$69,300.00. Insiders own 20.04% of the company’s stock.

Doman Building Materials Group Company Profile

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.