Doman Building Materials Group (TSE:DBM) Sets New 1-Year Low – What’s Next?

Doman Building Materials Group Ltd. (TSE:DBM)’s share price reached a new 52-week low on Monday . The stock traded as low as C$6.30 and last traded at C$6.40, with a volume of 70267 shares changing hands. The stock had previously closed at C$6.59.

Analysts Set New Price Targets

DBM has been the subject of several research reports. CIBC cut their price target on Doman Building Materials Group from C$11.50 to C$9.50 and set an “outperform” rating for the company in a research note on Tuesday, March 4th. TD Securities set a C$9.50 target price on shares of Doman Building Materials Group and gave the stock a “buy” rating in a research report on Tuesday, March 25th. Finally, Raymond James lowered their price target on shares of Doman Building Materials Group from C$12.00 to C$11.50 in a research report on Thursday, January 30th. Five investment analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat, Doman Building Materials Group currently has a consensus rating of “Buy” and a consensus target price of C$10.64.

Doman Building Materials Group Trading Down 0.3 %

The business’s 50-day moving average is C$7.29 and its two-hundred day moving average is C$8.21. The stock has a market capitalization of C$574.21 million, a PE ratio of 10.15 and a beta of 1.53. The company has a current ratio of 2.94, a quick ratio of 1.11 and a debt-to-equity ratio of 112.91.

Doman Building Materials Group Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, April 15th. Investors of record on Tuesday, April 15th will be issued a $0.14 dividend. This represents a $0.56 dividend on an annualized basis and a yield of 8.52%. The ex-dividend date of this dividend is Monday, March 31st. Doman Building Materials Group’s dividend payout ratio is currently 86.55%.

Insider Buying and Selling

In other Doman Building Materials Group news, Director Marc Seguin acquired 10,000 shares of the stock in a transaction that occurred on Tuesday, March 4th. The stock was acquired at an average price of C$6.93 per share, with a total value of C$69,300.00. Insiders own 20.04% of the company’s stock.

About Doman Building Materials Group

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.