Doman Building Materials Group Ltd. (TSE:DBM) Director Marc Seguin Acquires 10,000 Shares

Doman Building Materials Group Ltd. (TSE:DBM) Director Marc Seguin acquired 10,000 shares of the stock in a transaction dated Tuesday, March 4th. The stock was purchased at an average cost of C$6.93 per share, with a total value of C$69,300.00.

Doman Building Materials Group Stock Performance

Shares of DBM stock opened at C$7.00 on Thursday. The stock has a market capitalization of C$611.80 million, a PE ratio of 10.82 and a beta of 1.53. Doman Building Materials Group Ltd. has a one year low of C$6.32 and a one year high of C$9.96. The business’s 50 day simple moving average is C$7.93 and its 200 day simple moving average is C$8.25. The company has a debt-to-equity ratio of 112.91, a current ratio of 2.94 and a quick ratio of 1.11.

Wall Street Analyst Weigh In

Several research firms have recently issued reports on DBM. Raymond James lowered their price objective on Doman Building Materials Group from C$12.00 to C$11.50 in a research note on Thursday, January 30th. CIBC lowered their price objective 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. Finally, Stifel Nicolaus upped their price objective on Doman Building Materials Group from C$11.00 to C$12.00 in a research note on Monday, November 25th. Four investment analysts have rated the stock with a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, Doman Building Materials Group currently has a consensus rating of “Buy” and an average target price of C$11.00.

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.