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 target by investment analysts at TD Securities in a research note issued on Tuesday,BayStreet.CA reports. The brokerage presently has a “buy” rating on the stock. TD Securities’ price target would indicate a potential upside of 32.31% from the company’s current price.

Several other equities research analysts also recently weighed in on the stock. Stifel Nicolaus increased their target price on shares of Doman Building Materials Group from C$11.00 to C$12.00 in a research note on Monday, November 25th. CIBC dropped their target price on Doman Building Materials Group from C$11.50 to C$9.50 and set an “outperform” rating for the company in a research report on Tuesday, March 4th. Finally, Raymond James reduced their price target on Doman Building Materials Group from C$12.00 to C$11.50 in a report on Thursday, January 30th. Five investment analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, the company has a consensus rating of “Buy” and a consensus price target of C$10.64.

Doman Building Materials Group Price Performance

Shares of TSE DBM traded up C$0.23 during midday trading on Tuesday, reaching C$7.18. 305,673 shares of the stock traded hands, compared to its average volume of 232,077. The stock has a market capitalization of C$627.53 million, a PE ratio of 11.10 and a beta of 1.53. The company’s 50 day moving average is C$7.52 and its 200 day moving average is C$8.23. 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 one year low of C$6.32 and a one year high of C$9.96.

Insider Buying and Selling

In related news, Director Marc Seguin purchased 10,000 shares of the business’s stock in a transaction dated 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 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.