Doman Building Materials Group (TSE:DBM – Get Free Report) 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.
Read Our Latest Stock Analysis on DBM
Doman Building Materials Group Trading Down 0.9 %
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.
Recommended Stories
- Five stocks we like better than Doman Building Materials Group
- What is the Australian Securities Exchange (ASX)
- Buy On Holdings Stock Before the Market Catches Its Second Wind?
- When to Sell a Stock for Profit or Loss
- 3 High-Potential Stocks That Could Turn Into Multi-Baggers
- How to Calculate Stock Profit
- CEO Swap: Starbucks Surges 22% on Hiring New CEO From Chipotle
Receive News & Ratings for Doman Building Materials Group Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Doman Building Materials Group and related companies with MarketBeat.com's FREE daily email newsletter.