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 assigned a C$9.50 target price by equities researchers at TD Securities in a report issued on Tuesday,BayStreet.CA reports. The firm currently has a “buy” rating on the stock. TD Securities’ price target suggests a potential upside of 35.14% from the company’s previous close.

Several other brokerages have also recently issued reports on DBM. CIBC lowered their price target on Doman Building Materials Group from C$11.50 to C$9.50 and set an “outperform” rating on the stock in a research report on Tuesday, March 4th. Stifel Nicolaus lifted their target price on Doman Building Materials Group from C$11.00 to C$12.00 in a report on Monday, November 25th. Finally, Raymond James cut their price target on shares of Doman Building Materials Group from C$12.00 to C$11.50 in a report on Thursday, January 30th. Five equities research analysts have rated the stock with a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat, Doman Building Materials Group presently has a consensus rating of “Buy” and a consensus price target of C$10.64.

Doman Building Materials Group Price Performance

TSE DBM opened at C$7.03 on Tuesday. Doman Building Materials Group has a 12 month low of C$6.32 and a 12 month high of C$9.96. The firm has a market capitalization of C$614.42 million, a PE ratio of 10.87 and a beta of 1.53. The company’s 50 day simple moving average is C$7.47 and its 200 day simple 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.

Insider Transactions at Doman Building Materials Group

In other Doman Building Materials Group news, Director Marc Seguin bought 10,000 shares of Doman Building Materials Group stock in a transaction dated Tuesday, March 4th. The stock was bought 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.