Doman Building Materials Group (TSE:DBM) Downgraded to "Hold" Rating by Cibc World Mkts

Doman Building Materials Group (TSE:DBM - Get Free Report) was downgraded by stock analysts at Cibc World Mkts from a "strong-buy" rating to a "hold" rating in a research note issued to investors on Tuesday,Zacks.com reports.

Several other research analysts have also commented on DBM. Raymond James decreased their price objective on shares of Doman Building Materials Group from C$12.00 to C$11.50 in a report on Thursday, January 30th. CIBC cut Doman Building Materials Group from an "outperform" rating to a "neutral" rating and set a C$7.50 price objective on the stock. in a research report on Tuesday. Royal Bank of Canada decreased their target price on Doman Building Materials Group from C$11.00 to C$10.00 and set an "outperform" rating for the company in a research report on Tuesday. TD Securities set a C$9.50 price target on Doman Building Materials Group and gave the company a "buy" rating in a research report on Tuesday, March 25th. Finally, Stifel Nicolaus reduced their price target on Doman Building Materials Group from C$9.00 to C$8.00 and set a "buy" rating on the stock in a research note on Thursday, April 17th. Two equities research analysts have rated the stock with a hold rating, five have issued a buy rating and one has issued a strong buy rating to the company's stock. According to data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and a consensus target price of C$9.93.

Doman Building Materials Group Trading Down 0.9 %

Shares of DBM stock traded down C$0.06 during trading hours on Tuesday, reaching C$6.69. The company's stock had a trading volume of 186,232 shares, compared to its average volume of 234,472. 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 has a one year low of C$6.30 and a one year high of C$9.96. The stock has a market capitalization of C$584.70 million, a P/E ratio of 10.34 and a beta of 1.53. The firm's fifty day simple moving average is C$6.93 and its 200 day simple moving average is C$8.05.

Insider Activity

In other news, Director Marc Seguin purchased 10,000 shares of the business's stock in a transaction dated Tuesday, March 4th. The shares were purchased at an average price of C$6.93 per share, for a total transaction of C$69,300.00. Corporate 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.