Shares of Doman Building Materials Group Ltd. (TSE:DBM – Get Rating) hit a new 52-week low during trading on Thursday . The company traded as low as C$5.42 and last traded at C$5.45, with a volume of 242697 shares trading hands. The stock had previously closed at C$5.58.
Wall Street Analysts Forecast Growth
DBM has been the topic of a number of recent research reports. Raymond James cut shares of Doman Building Materials Group from an "outperform" rating to a "market perform" rating and dropped their price target for the company from C$9.50 to C$7.50 in a research note on Tuesday, August 2nd. National Bankshares lowered their target price on shares of Doman Building Materials Group from C$11.00 to C$7.00 and set an "outperform" rating on the stock in a research note on Monday, August 8th. Royal Bank of Canada cut shares of Doman Building Materials Group from an "outperform" rating to a "hold" rating and lowered their target price for the stock from C$10.00 to C$7.00 in a research note on Monday, July 18th. Finally, CIBC lowered their target price on shares of Doman Building Materials Group from C$7.50 to C$6.25 in a research note on Tuesday, October 4th. Four investment analysts have rated the stock with a hold rating and one has given a buy rating to the stock. According to MarketBeat, the company currently has a consensus rating of "Hold" and a consensus target price of C$7.11.
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Doman Building Materials Group Stock Performance
The company's 50-day moving average price is C$5.98 and its two-hundred day moving average price is C$6.48. The company has a debt-to-equity ratio of 158.82, a quick ratio of 1.41 and a current ratio of 3.23. The stock has a market cap of C$479.29 million and a PE ratio of 6.12.
Doman Building Materials Group (TSE:DBM – Get Rating) last posted its quarterly earnings data on Thursday, August 4th. The company reported C$0.24 earnings per share for the quarter, missing the consensus estimate of C$0.40 by C($0.16). The firm had revenue of C$870.72 million for the quarter, compared to analysts' expectations of C$866.20 million. On average, equities research analysts forecast that Doman Building Materials Group Ltd. will post 0.57 EPS for the current year.
Insider Activity at Doman Building Materials Group
In other Doman Building Materials Group news, Director Amar Doman bought 36,000 shares of Doman Building Materials Group stock in a transaction that occurred on Thursday, September 1st. The shares were bought at an average price of C$5.90 per share, with a total value of C$212,400.00. Following the acquisition, the director now owns 53,535 shares in the company, valued at C$315,856.50.
About Doman Building Materials Group
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Doman Building Materials Group Ltd. distributes building materials and related products in Canada, the United States, and Hawai. It distributes a range of building materials, lumber, renovation, and electrical products. The company owns approximately 117,000 acres of private timberlands, and strategic licenses and tenures.
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