Doman Building Materials Group (TSE:DBM) Given New C$10.00 Price Target at Canaccord Genuity Group

Doman Building Materials Group (TSE:DBM) had its target price lowered by equities researchers at Canaccord Genuity Group from C$11.00 to C$10.00 in a note issued to investors on Monday,BayStreet.CA reports. Canaccord Genuity Group’s price objective would suggest a potential upside of 17.23% from the stock’s previous close.

Several other brokerages have also issued reports on DBM. Stifel Nicolaus boosted their price target on shares of Doman Building Materials Group from C$8.00 to C$9.00 in a report on Monday. 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 research note on Tuesday, April 22nd. Cibc World Mkts downgraded shares of Doman Building Materials Group from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, April 22nd. TD Securities set a C$9.50 price target on shares of Doman Building Materials Group and gave the stock a “buy” rating in a research report on Tuesday, March 25th. Finally, Raymond James dropped their price objective on Doman Building Materials Group from C$12.00 to C$11.50 in a report on Thursday, January 30th. Two equities research analysts have rated the stock with a hold rating, five have assigned a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of C$10.13.

Doman Building Materials Group Trading Up 1.8%

TSE:DBM opened at C$8.53 on Monday. Doman Building Materials Group has a 12 month low of C$6.30 and a 12 month high of C$9.96. The company’s 50 day moving average is C$6.89 and its 200-day moving average is C$7.92. The firm has a market cap of C$745.52 million, a price-to-earnings ratio of 13.18 and a beta of 1.53. 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

In other Doman Building Materials Group news, Director Marc Seguin acquired 10,000 shares of the company’s stock in a transaction on Tuesday, March 4th. The stock was acquired at an average price 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.

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.