Doman Building Materials Group Ltd. (TSE:DBM) Director Marc Seguin Acquires 10,000 Shares

Doman Building Materials Group Ltd. (TSE:DBM) Director Marc Seguin purchased 10,000 shares of the stock in a transaction that occurred on Tuesday, March 4th. The stock was bought at an average cost of C$6.93 per share, with a total value of C$69,300.00.

Doman Building Materials Group Stock Performance

Shares of TSE DBM opened at C$7.00 on Thursday. The stock has a market cap of C$611.80 million, a price-to-earnings ratio of 10.82 and a beta of 1.53. The company has a current ratio of 2.94, a quick ratio of 1.11 and a debt-to-equity ratio of 112.91. Doman Building Materials Group Ltd. has a 1-year low of C$6.32 and a 1-year high of C$9.96. The stock’s 50-day moving average is C$7.93 and its 200 day moving average is C$8.25.

Analyst Upgrades and Downgrades

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

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.