Doman Building Materials Group (TSE:DBM) Stock Price Expected to Rise, Stifel Nicolaus Analyst Says

Doman Building Materials Group (TSE:DBM) had its target price upped by investment analysts at Stifel Nicolaus from C$8.00 to C$9.00 in a note issued to investors on Monday,BayStreet.CA reports. Stifel Nicolaus’ price objective suggests a potential upside of 5.51% from the stock’s current price.

Several other analysts have also recently commented on DBM. Royal Bank of Canada decreased their price target 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 note 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 World Mkts downgraded shares of Doman Building Materials Group from a “strong-buy” rating to a “hold” rating in a report on Tuesday, April 22nd. 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. Finally, CIBC downgraded shares of Doman Building Materials Group from an “outperform” rating to a “neutral” rating and set a C$7.50 target price on the stock. in a report on Tuesday, April 22nd. Two analysts have rated the stock with a hold rating, five have issued a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat.com, Doman Building Materials Group currently has an average rating of “Moderate Buy” and an average price target of C$10.13.

Doman Building Materials Group Stock Up 1.8%

DBM opened at C$8.53 on Monday. The company has a debt-to-equity ratio of 112.91, a quick ratio of 1.11 and a current ratio of 2.94. Doman Building Materials Group has a fifty-two week low of C$6.30 and a fifty-two week high of C$9.96. The firm’s fifty day moving average is C$6.89 and its 200 day moving average is C$7.92. The stock has a market cap of C$745.52 million, a price-to-earnings ratio of 13.18 and a beta of 1.53.

Insider Buying and Selling

In related news, Director Marc Seguin bought 10,000 shares of the company’s stock in a transaction on Tuesday, March 4th. The shares were 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 corporate insiders.

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.