Doman Building Materials Group (TSE:DBM) Given New C$8.50 Price Target at National Bankshares

Doman Building Materials Group (TSE:DBM) had its price objective dropped by analysts at National Bankshares from C$10.50 to C$8.50 in a research report issued to clients and investors on Tuesday, BayStreet.CA reports. The brokerage presently has an “outperform” rating on the stock. National Bankshares’ price objective would indicate a potential upside of 29.57% from the company’s current price.

Several other equities research analysts have also recently commented on DBM. CIBC dropped their target price on shares of Doman Building Materials Group from C$9.00 to C$8.50 in a research report on Thursday, July 18th. Canaccord Genuity Group dropped their target price on shares of Doman Building Materials Group from C$10.00 to C$9.00 and set a “buy” rating for the company in a research report on Tuesday, May 14th. Raymond James dropped their target price on shares of Doman Building Materials Group from C$10.75 to C$9.75 and set a “strong-buy” rating for the company in a research report on Monday, May 13th. Finally, Royal Bank of Canada lowered their price target on shares of Doman Building Materials Group from C$10.00 to C$9.00 in a research report on Thursday, July 11th. Five equities research analysts have rated the stock with a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, the company has an average rating of “Buy” and a consensus price target of C$9.29.

Doman Building Materials Group Trading Down 0.9 %

Doman Building Materials Group stock traded down C$0.06 during trading hours on Tuesday, reaching C$6.56. The stock had a trading volume of 216,146 shares, compared to its average volume of 187,149. The stock has a market cap of C$571.64 million, a PE ratio of 7.64 and a beta of 1.58. Doman Building Materials Group has a 52 week low of C$6.32 and a 52 week high of C$8.64. The company has a debt-to-equity ratio of 142.37, a current ratio of 1.30 and a quick ratio of 1.11. The company has a fifty day simple moving average of C$6.98 and a 200-day simple moving average of C$7.55.

Insider Activity at Doman Building Materials Group

In related news, Director Amar Doman acquired 73,500 shares of the firm’s stock in a transaction that occurred on Thursday, May 30th. The stock was purchased at an average cost of C$7.13 per share, with a total value of C$524,415.15. 19.98% of the stock is currently owned by insiders.

About Doman Building Materials Group

Doman Building Materials Group Ltd., through its subsidiaries, engages in the wholesale distribution of building materials and home renovation products in the United States and Canada. The company offers treated wood; siding and trim; decking and aluminum railing; engineered wood products; roofing products; insulation and wrap products; and lumber and plywood products.