TD Securities Raises Doman Building Materials Group (TSE:DBM) Price Target to C$10.00

Doman Building Materials Group (TSE:DBM - Get Free Report) had its price objective lifted by equities researchers at TD Securities from C$9.50 to C$10.00 in a report issued on Monday,BayStreet.CA reports. TD Securities' target price would suggest a potential upside of 19.05% from the stock's previous close.

Several other equities research analysts have also commented on DBM. Cibc World Mkts lowered Doman Building Materials Group from a "strong-buy" rating to a "hold" rating in a research note on Tuesday, April 22nd. Royal Bank of Canada lowered 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, April 22nd. Raymond James decreased their price target on shares of Doman Building Materials Group from C$12.00 to C$11.50 in a research note on Thursday, January 30th. CIBC lowered shares of Doman Building Materials Group from an "outperform" rating to a "neutral" rating and set a C$7.50 target price for the company. in a report on Tuesday, April 22nd. Finally, Canaccord Genuity Group reduced their target price on shares of Doman Building Materials Group from C$11.00 to C$10.00 in a research report on Monday. Two equities research analysts have rated the stock with a hold rating, five have assigned a buy rating and one has assigned a strong buy rating to the company's stock. According to MarketBeat, the stock has a consensus rating of "Moderate Buy" and an average target price of C$10.13.

Doman Building Materials Group Stock Performance

Shares of DBM stock traded up C$0.08 during trading hours on Monday, reaching C$8.40. The company had a trading volume of 35,508 shares, compared to its average volume of 233,423. The firm has a market cap of C$734.15 million, a PE ratio of 12.98 and a beta of 1.53. The business has a fifty day moving average price of C$6.92 and a 200-day moving average price of C$7.92. Doman Building Materials Group has a one year low of C$6.30 and a one year high of C$9.96. The company has a debt-to-equity ratio of 112.91, a quick ratio of 1.11 and a current ratio of 2.94.

Insiders Place Their Bets

In other Doman Building Materials Group news, Director Marc Seguin bought 10,000 shares of the company's stock in a transaction dated Tuesday, March 4th. The shares were purchased 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 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.