Stifel Nicolaus Boosts Doman Building Materials Group (TSE:DBM) Price Target to C$9.00

Doman Building Materials Group (TSE:DBM) had its target price lifted by equities researchers at Stifel Nicolaus from C$8.00 to C$9.00 in a report released on Monday,BayStreet.CA reports. Stifel Nicolaus’ price target points to a potential upside of 7.14% from the stock’s current price.

DBM has been the subject of a number of other reports. Raymond James cut their target price on Doman Building Materials Group from C$12.00 to C$11.50 in a research report on Thursday, January 30th. Royal Bank of Canada lowered their price target on Doman Building Materials Group from C$11.00 to C$10.00 and set an “outperform” rating on the stock in a research report on Tuesday, April 22nd. TD Securities set a C$9.50 target price on Doman Building Materials Group and gave the stock a “buy” rating in a research report on Tuesday, March 25th. CIBC cut shares of Doman Building Materials Group from an “outperform” rating to a “neutral” rating and set a C$7.50 price target for the company. in a research note on Tuesday, April 22nd. Finally, Cibc World Mkts cut shares of Doman Building Materials Group from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, April 22nd. Two equities research analysts have rated the stock with a hold rating, five have assigned a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of C$10.13.

Doman Building Materials Group Stock Up 3.8%

TSE DBM traded up C$0.31 on Monday, hitting C$8.40. 392,343 shares of the stock traded hands, compared to its average volume of 234,851. The company has a market capitalization of C$734.15 million, a P/E ratio of 12.98 and a beta of 1.53. The stock has a 50-day moving average of C$6.86 and a 200 day moving average of C$7.92. Doman Building Materials Group has a twelve month low of C$6.30 and a twelve month high of C$9.96. The company has a current ratio of 2.94, a quick ratio of 1.11 and a debt-to-equity ratio of 112.91.

Insider Activity

In other news, Director Marc Seguin bought 10,000 shares of Doman Building Materials Group stock in a transaction dated Tuesday, March 4th. The stock was bought 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 owned by corporate 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.