Insider Buying: Doman Building Materials Group Ltd. (TSE:DBM) Director Acquires 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 dated Tuesday, March 4th. The stock was acquired at an average cost of C$6.93 per share, for a total transaction of C$69,300.00.

Doman Building Materials Group Stock Performance

DBM stock remained flat at C$6.98 during trading hours on Wednesday. The company’s stock had a trading volume of 143,267 shares, compared to its average volume of 199,100. Doman Building Materials Group Ltd. has a 1 year low of C$6.32 and a 1 year high of C$9.96. The company has a debt-to-equity ratio of 112.91, a current ratio of 2.94 and a quick ratio of 1.11. The firm has a market cap of C$610.05 million, a price-to-earnings ratio of 10.79 and a beta of 1.53. The firm has a 50 day moving average price of C$7.97 and a 200-day moving average price of C$8.25.

Analyst Upgrades and Downgrades

DBM has been the topic of several recent research reports. CIBC lowered their price target on shares of Doman Building Materials Group from C$11.50 to C$9.50 and set an “outperform” rating on the stock in a research note on Tuesday. Raymond James reduced their price target on Doman Building Materials Group from C$12.00 to C$11.50 in a report on Thursday, January 30th. Finally, Stifel Nicolaus raised their price objective on Doman Building Materials Group from C$11.00 to C$12.00 in a research report on Monday, November 25th. Four analysts have rated the stock with a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of “Buy” and a consensus target price 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.