Canaccord Genuity Group Cuts Doman Building Materials Group (TSE:DBM) Price Target to C$10.00

Doman Building Materials Group (TSE:DBM) had its target price cut by Canaccord Genuity Group from C$11.00 to C$10.00 in a research report released on Monday morning,BayStreet.CA reports.

Several other analysts have also weighed in on the company. CIBC lowered Doman Building Materials Group from an “outperform” rating to a “neutral” rating and set a C$7.50 price target on the stock. in a report on Tuesday, April 22nd. Royal Bank of Canada cut their price target on Doman Building Materials Group from C$11.00 to C$10.00 and set an “outperform” rating on the stock in a report on Tuesday, April 22nd. TD Securities set a C$9.50 target price on shares of Doman Building Materials Group and gave the company a “buy” rating in a research note on Tuesday, March 25th. Stifel Nicolaus increased their price objective on shares of Doman Building Materials Group from C$8.00 to C$9.00 in a research report on Monday. Finally, Cibc World Mkts downgraded Doman Building Materials Group from a “strong-buy” rating to a “hold” rating in a report on Tuesday, April 22nd. Two analysts have rated the stock with a hold rating, five have given a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of C$10.13.

Doman Building Materials Group Price Performance

Shares of TSE:DBM opened at C$8.32 on Monday. The company has a market capitalization of C$727.16 million, a P/E ratio of 12.86 and a beta of 1.53. The company has a debt-to-equity ratio of 112.91, a current ratio of 2.94 and a quick ratio of 1.11. The firm’s 50 day simple moving average is C$6.92 and its two-hundred day simple moving average is C$7.92. Doman Building Materials Group has a 1-year low of C$6.30 and a 1-year high of C$9.96.

Doman Building Materials Group Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, April 15th. Investors of record on Tuesday, April 15th were given a dividend of $0.14 per share. The ex-dividend date of this dividend was Monday, March 31st. This represents a $0.56 dividend on an annualized basis and a yield of 6.73%. Doman Building Materials Group’s payout ratio is 86.55%.

Insider Transactions at Doman Building Materials Group

In related news, Director Marc Seguin purchased 10,000 shares of the business’s stock in a transaction on Tuesday, March 4th. The shares were bought at an average price 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.