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.

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.

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

(Get Rating)

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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