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

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

Doman Building Materials Group Price Performance

DBM stock remained flat at C$6.98 during midday trading on Wednesday. The company had a trading volume of 143,267 shares, compared to its average volume of 199,100. The company has a quick ratio of 1.11, a current ratio of 2.94 and a debt-to-equity ratio of 112.91. The company has a market cap of C$610.05 million, a PE ratio of 10.79 and a beta of 1.53. Doman Building Materials Group Ltd. has a twelve month low of C$6.32 and a twelve month high of C$9.96. The firm has a 50 day moving average of C$7.97 and a two-hundred day moving average of C$8.25.

Wall Street Analyst Weigh In

A number of brokerages have recently weighed in on DBM. Stifel Nicolaus upped their price target on shares of Doman Building Materials Group from C$11.00 to C$12.00 in a report on Monday, November 25th. CIBC lowered their price objective on shares of 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, Raymond James reduced their target price on Doman Building Materials Group from C$12.00 to C$11.50 in a report on Thursday, January 30th. Four investment analysts have rated the stock with a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of “Buy” and an average price target of C$11.00.

Doman Building Materials Group Company Profile

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.