CIBC Issues Pessimistic Forecast for Doman Building Materials Group (TSE:DBM) Stock Price

Doman Building Materials Group (TSE:DBM - Free Report) had its price objective decreased by CIBC from C$11.50 to C$9.50 in a report issued on Tuesday morning,BayStreet.CA reports. CIBC currently has an outperform rating on the stock.

Several other brokerages have also recently issued reports on DBM. Raymond James reduced their price objective on Doman Building Materials Group from C$12.00 to C$11.50 in a research note on Thursday, January 30th. Stifel Nicolaus raised their price objective on Doman Building Materials Group from C$11.00 to C$12.00 in a research note on Monday, November 25th. Four analysts have rated the stock with a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, the stock has an average rating of "Buy" and an average target price of C$11.00.

Doman Building Materials Group Stock Down 0.1 %

Shares of DBM stock traded down C$0.01 during mid-day trading on Tuesday, reaching C$6.91. 292,330 shares of the company were exchanged, compared to its average volume of 209,426. The business's 50 day simple moving average is C$7.86 and its 200 day simple moving average is C$8.24. Doman Building Materials Group has a fifty-two week low of C$6.32 and a fifty-two week high of C$9.96. The company has a market capitalization of C$603.93 million, a P/E ratio of 10.68 and a beta of 1.53. The company has a debt-to-equity ratio of 112.91, a quick ratio of 1.11 and a current ratio of 2.94.

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Insider Buying and Selling at Doman Building Materials Group

In related news, Director Marc Seguin acquired 10,000 shares of the business's stock in a transaction that occurred on Tuesday, March 4th. The shares were acquired at an average cost of C$6.93 per share, for a total transaction of C$69,300.00. 20.04% of the stock is currently owned by company insiders.

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.