National Bankshares Cuts Doman Building Materials Group (TSE:DBM) Price Target to C$8.50

Doman Building Materials Group (TSE:DBM) had its target price decreased by National Bankshares from C$10.50 to C$8.50 in a research note issued to investors on Tuesday morning, BayStreet.CA reports. National Bankshares currently has an outperform rating on the stock.

A number of other research firms have also recently commented on DBM. Royal Bank of Canada lowered their target price on Doman Building Materials Group from C$10.00 to C$9.00 in a research note on Thursday, July 11th. CIBC lowered their price objective on Doman Building Materials Group from C$9.00 to C$8.50 in a research report on Thursday, July 18th. Raymond James reduced their target price on shares of Doman Building Materials Group from C$10.75 to C$9.75 and set a strong-buy rating on the stock in a research report on Monday, May 13th. Finally, Canaccord Genuity Group lowered their price target on shares of Doman Building Materials Group from C$10.00 to C$9.00 and set a buy rating for the company in a research report on Tuesday, May 14th. Five analysts have rated the stock with a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of Buy and a consensus price target of C$9.29.

Doman Building Materials Group Price Performance

DBM stock opened at C$6.80 on Tuesday. The company has a debt-to-equity ratio of 142.37, a current ratio of 1.30 and a quick ratio of 1.11. Doman Building Materials Group has a 1 year low of C$6.32 and a 1 year high of C$8.64. The firm has a 50-day moving average of C$6.94 and a 200 day moving average of C$7.52. The company has a market cap of C$592.55 million, a P/E ratio of 7.91 and a beta of 1.58.

Doman Building Materials Group Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, July 12th. Stockholders of record on Friday, June 28th were given a $0.14 dividend. This represents a $0.56 annualized dividend and a dividend yield of 8.24%. The ex-dividend date was Friday, June 28th. Doman Building Materials Group’s dividend payout ratio is presently 65.12%.

Insider Buying and Selling

In other news, Director Amar Doman acquired 73,500 shares of Doman Building Materials Group stock in a transaction on Thursday, May 30th. The stock was acquired at an average cost of C$7.13 per share, for a total transaction of C$524,415.15. 19.98% of the stock is currently owned by company insiders.

About Doman Building Materials Group

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.