Doman Building Materials Group (TSE:DBM - Get Free Report) was downgraded by investment analysts at CIBC from an "outperform" rating to a "neutral" rating in a research note issued to investors on Tuesday,BayStreet.CA reports. They currently have a C$7.50 price target on the stock. CIBC's target price indicates a potential upside of 11.77% from the stock's previous close.
Several other equities analysts also recently weighed in on DBM. Stifel Nicolaus dropped their price target on Doman Building Materials Group from C$9.00 to C$8.00 and set a "buy" rating for the company in a research report on Thursday, April 17th. TD Securities set a C$9.50 price objective on Doman Building Materials Group and gave the stock a "buy" rating in a research report on Tuesday, March 25th. Royal Bank of Canada reduced their target price on shares of 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. Finally, Raymond James cut their price objective on shares of Doman Building Materials Group from C$12.00 to C$11.50 in a research report on Thursday, January 30th. Two investment analysts have rated the stock with a hold rating, five have given a buy rating and one has given a strong buy rating to the company's stock. Based on data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and a consensus target price of C$9.93.
View Our Latest Stock Report on Doman Building Materials Group
Doman Building Materials Group Price Performance
Shares of DBM stock traded down C$0.04 during trading hours on Tuesday, hitting C$6.71. The company's stock had a trading volume of 86,583 shares, compared to its average volume of 233,212. The company has a current ratio of 2.94, a quick ratio of 1.11 and a debt-to-equity ratio of 112.91. The business has a fifty day moving average of C$6.95 and a 200-day moving average of C$8.06. Doman Building Materials Group has a twelve month low of C$6.30 and a twelve month high of C$9.96. The stock has a market cap of C$586.45 million, a price-to-earnings ratio of 10.37 and a beta of 1.53.
Insider Activity
In other news, Director Marc Seguin bought 10,000 shares of the firm's stock in a transaction dated Tuesday, March 4th. The stock was acquired 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.
About Doman Building Materials Group
(
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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.
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