Doman Building Materials Group (TSE:DBM) Given New C$9.00 Price Target at Royal Bank of Canada

Doman Building Materials Group (TSE:DBM) had its price objective decreased by equities researchers at Royal Bank of Canada from C$10.00 to C$9.00 in a report released on Thursday, BayStreet.CA reports. Royal Bank of Canada’s price objective points to a potential upside of 34.73% from the stock’s previous close.

DBM has been the topic of a number of other reports. CIBC dropped their price target on shares of Doman Building Materials Group from C$10.00 to C$9.00 and set an “outperform” rating on the stock in a research report on Tuesday, May 14th. National Bankshares lifted their price target on Doman Building Materials Group from C$10.00 to C$10.50 and gave the company an “outperform” rating in a research report on Monday, May 13th. Raymond James decreased their target price on Doman Building Materials Group from C$10.75 to C$9.75 and set a “strong-buy” rating for the company in a research note on Monday, May 13th. Finally, Canaccord Genuity Group dropped their price target on shares of Doman Building Materials Group from C$10.00 to C$9.00 and set a “buy” rating on the stock in a research report on Tuesday, May 14th. Five 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 company currently has an average rating of “Buy” and an average price target of C$9.71.

Doman Building Materials Group Stock Performance

Shares of DBM traded up C$0.13 during mid-day trading on Thursday, reaching C$6.68. 307,196 shares of the company’s stock traded hands, compared to its average volume of 186,355. The company has a debt-to-equity ratio of 142.37, a quick ratio of 1.11 and a current ratio of 1.30. The business’s 50-day moving average price is C$7.19 and its 200-day moving average price is C$7.76. The stock has a market capitalization of C$582.10 million, a P/E ratio of 7.77 and a beta of 1.58. Doman Building Materials Group has a 12 month low of C$6.08 and a 12 month high of C$8.64.

Doman Building Materials Group (TSE:DBM) last released its quarterly earnings results on Thursday, May 9th. The company reported C$0.16 earnings per share (EPS) for the quarter, hitting the consensus estimate of C$0.16. Doman Building Materials Group had a return on equity of 12.84% and a net margin of 3.03%. The company had revenue of C$602.48 million during the quarter, compared to analysts’ expectations of C$665.05 million. Equities analysts predict that Doman Building Materials Group will post 0.744877 earnings per share for the current year.

Insiders Place Their Bets

In other news, Director Amar Doman acquired 73,500 shares of Doman Building Materials Group stock in a transaction that occurred on Thursday, May 30th. The stock was purchased at an average price of C$7.13 per share, with a total value of C$524,415.15. In other Doman Building Materials Group news, Director Amar Doman purchased 73,500 shares of the business’s stock in a transaction dated Thursday, May 30th. The stock was bought at an average cost of C$7.13 per share, for a total transaction of C$524,415.15. Also, Senior Officer James Salter Code acquired 6,500 shares of the firm’s stock in a transaction dated Monday, May 13th. The shares were purchased at an average cost of C$7.38 per share, for a total transaction of C$47,970.00. Insiders bought a total of 150,000 shares of company stock worth $1,078,857 over the last ninety days. 19.98% of the stock is currently owned by company insiders.

Doman Building Materials Group Company Profile

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.