Doman Building Materials Group (TSE:DBM) Given a C$9.50 Price Target by TD Securities Analysts

Doman Building Materials Group (TSE:DBM) has been given a C$9.50 price objective by equities researchers at TD Securities in a note issued to investors on Tuesday,BayStreet.CA reports. The firm currently has a “buy” rating on the stock. TD Securities’ price objective points to a potential upside of 35.14% from the stock’s current price.

Other analysts have also recently issued research reports about the company. Stifel Nicolaus lifted their price objective on Doman Building Materials Group from C$11.00 to C$12.00 in a research report on Monday, November 25th. CIBC cut their price target on Doman Building Materials Group from C$11.50 to C$9.50 and set an “outperform” rating for the company in a research note on Tuesday, March 4th. Finally, Raymond James lowered their price target on Doman Building Materials Group from C$12.00 to C$11.50 in a research note on Thursday, January 30th. Five investment analysts have rated the stock with a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, the stock has a consensus rating of “Buy” and a consensus price target of C$10.64.

Doman Building Materials Group Stock Down 2.0 %

DBM stock opened at C$7.03 on Tuesday. The company has a 50 day moving average of C$7.47 and a two-hundred day moving average of C$8.23. The company has a market cap of C$614.42 million, a price-to-earnings ratio of 10.87 and a beta of 1.53. Doman Building Materials Group has a 12-month low of C$6.32 and a 12-month high of C$9.96. The company has a quick ratio of 1.11, a current ratio of 2.94 and a debt-to-equity ratio of 112.91.

Insiders Place Their Bets

In related news, Director Marc Seguin purchased 10,000 shares of the stock in a transaction on Tuesday, March 4th. The shares were bought at an average price of C$6.93 per share, for a total transaction 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.