CIBC Cuts Doman Building Materials Group (TSE:DBM) Price Target to C$9.50

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

Several other research analysts have also commented on the stock. Stifel Nicolaus raised their price target on shares of Doman Building Materials Group from C$11.00 to C$12.00 in a report on Monday, November 25th. Raymond James cut their price target on shares of Doman Building Materials Group from C$12.00 to C$11.50 in a report on Thursday, January 30th. Four investment analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat.com, the company has an average rating of “Buy” and a consensus target price of C$11.00.

Doman Building Materials Group Trading Down 1.1 %

TSE DBM opened at C$6.92 on Tuesday. Doman Building Materials Group has a one year low of C$6.32 and a one year high of C$9.96. The company’s 50 day moving average price is C$7.89 and its 200 day moving average price is C$8.24. The company has a debt-to-equity ratio of 112.91, a quick ratio of 1.11 and a current ratio of 2.94. The firm has a market capitalization of C$604.80 million, a price-to-earnings ratio of 10.70 and a beta of 1.53.

Insider Activity

In related news, Director Marc Seguin purchased 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, 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.