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Doman Building Materials Group (TSE:DBM) Stock Rating Lowered by Cibc World Mkts

Doman Building Materials Group logo with Industrials background

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

A number of other research analysts also recently weighed in on the company. Raymond James reduced their target price on Doman Building Materials Group from C$12.00 to C$11.50 in a report on Thursday, January 30th. 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. TD Securities set a C$9.50 price objective on Doman Building Materials Group and gave the company 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 research report on Tuesday, April 22nd. Finally, 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 report on Tuesday, April 22nd. Two investment analysts have rated the stock with a hold rating, five have issued a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and an average target price of C$9.93.

Read Our Latest Report on DBM

Doman Building Materials Group Trading Up 1.2 %

TSE DBM traded up C$0.08 on Tuesday, hitting C$6.77. The company's stock had a trading volume of 72,152 shares, compared to its average volume of 232,433. The company's 50-day simple moving average is C$6.93 and its 200 day simple moving average is C$8.04. The firm has a market cap of C$591.69 million, a P/E ratio of 10.46 and a beta of 1.53. 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 52-week low of C$6.30 and a 52-week high of C$9.96.

Insider Activity at Doman Building Materials Group

In related news, Director Marc Seguin bought 10,000 shares of the firm's stock in a transaction on Tuesday, March 4th. The stock was 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 insiders.

Doman Building Materials Group Company Profile

(Get Free Report)

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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