CIBC Issues Pessimistic Forecast for Doman Building Materials Group (TSE:DBM) Stock Price

Doman Building Materials Group (TSE:DBM) had its target price reduced by CIBC from C$11.50 to C$9.50 in a research report released on Tuesday,BayStreet.CA reports. They currently have an outperform rating on the stock.

DBM has been the subject of a number of other research reports. Stifel Nicolaus lifted their price objective on shares of Doman Building Materials Group from C$11.00 to C$12.00 in a report on Monday, November 25th. Raymond James decreased their price objective on shares of Doman Building Materials Group from C$12.00 to C$11.50 in a report on Thursday, January 30th. Four equities research analysts have rated the stock with a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, the company has a consensus rating of “Buy” and an average target price of C$11.00.

Doman Building Materials Group Stock Performance

Doman Building Materials Group stock opened at C$6.92 on Tuesday. The company has a market cap of C$604.80 million, a PE ratio of 10.70 and a beta of 1.53. The company has a fifty day moving average price of C$7.89 and a two-hundred day moving average price of C$8.24. The company has a debt-to-equity ratio of 112.91, a current ratio of 2.94 and a quick ratio of 1.11. Doman Building Materials Group has a 12 month low of C$6.32 and a 12 month high of C$9.96.

Insider Buying and Selling at Doman Building Materials Group

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