Doman Building Materials Group (TSE:DBM) Stock Rating Lowered by CIBC

Doman Building Materials Group (TSE:DBM - Get Free Report) was downgraded by analysts at CIBC from an "outperform" rating to a "neutral" rating in a research note issued to investors on Tuesday,BayStreet.CA reports. They presently have a C$7.50 price objective on the stock. CIBC's price target would suggest a potential upside of 12.11% from the stock's current price.

DBM has been the topic of a number of other reports. Raymond James lowered their target price on Doman Building Materials Group from C$12.00 to C$11.50 in a report on Thursday, January 30th. TD Securities set a C$9.50 target price on shares of Doman Building Materials Group and gave the stock a "buy" rating in a report on Tuesday, March 25th. Stifel Nicolaus reduced their target price on shares of Doman Building Materials Group from C$9.00 to C$8.00 and set a "buy" rating for the company in a report on Thursday, April 17th. Finally, Royal Bank of Canada cut their price objective on Doman Building Materials Group from C$11.00 to C$10.00 and set an "outperform" rating for the company in a research report on Tuesday, April 22nd. Two investment analysts have rated the stock with a hold rating, five have given a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and a consensus price target of C$9.93.

Doman Building Materials Group Price Performance

TSE DBM traded down C$0.06 on Tuesday, reaching C$6.69. 186,232 shares of the stock traded hands, compared to its average volume of 234,472. Doman Building Materials Group has a 12 month low of C$6.30 and a 12 month high of C$9.96. The company has a market cap of C$584.70 million, a price-to-earnings ratio of 10.34 and a beta of 1.53. The firm's fifty day simple moving average is C$6.93 and its 200 day simple moving average is C$8.04. The company has a quick ratio of 1.11, a current ratio of 2.94 and a debt-to-equity ratio of 112.91.

Insider Buying and Selling at Doman Building Materials Group

In other Doman Building Materials Group news, Director Marc Seguin bought 10,000 shares of the firm's stock in a transaction on Tuesday, March 4th. The stock was bought at an average cost of C$6.93 per share, with a total value of C$69,300.00. Company insiders own 20.04% of the company's stock.

Doman Building Materials Group Company Profile

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.