Doman Building Materials Group (TSE:DBM) Shares Cross Above 200 Day Moving Average - Time to Sell?

Doman Building Materials Group Ltd. (TSE:DBM - Get Free Report)'s share price crossed above its two hundred day moving average during trading on Wednesday . The stock has a two hundred day moving average of C$8.13 and traded as high as C$8.18. Doman Building Materials Group shares last traded at C$8.07, with a volume of 154,706 shares.

Analysts Set New Price Targets

Several brokerages have commented on DBM. Canaccord Genuity Group upped their target price on shares of Doman Building Materials Group from C$9.00 to C$11.00 and gave the company a "buy" rating in a research note on Wednesday, October 2nd. Raymond James lowered their price objective on shares of Doman Building Materials Group from C$12.00 to C$11.50 in a research report on Thursday. CIBC reduced their target price on Doman Building Materials Group from C$12.00 to C$11.50 in a report on Wednesday, January 15th. Stifel Nicolaus increased their price target on Doman Building Materials Group from C$11.00 to C$12.00 in a report on Monday, November 25th. Finally, National Bankshares lifted their price objective on Doman Building Materials Group from C$8.50 to C$12.00 and gave the company an "outperform" rating in a report on Monday, October 7th. Four equities research analysts have rated the stock with a buy rating and one has given a strong buy rating to the company's stock. According to data from MarketBeat, the stock has an average rating of "Buy" and a consensus price target of C$11.29.

Doman Building Materials Group Trading Up 0.4 %

The company has a quick ratio of 1.11, a current ratio of 3.78 and a debt-to-equity ratio of 132.33. The company has a market capitalization of C$707.05 million, a P/E ratio of 11.25 and a beta of 1.53. The business has a fifty day moving average price of C$8.80 and a 200 day moving average price of C$8.13.

Doman Building Materials Group (TSE:DBM - Get Free Report) last released its quarterly earnings results on Thursday, November 7th. The company reported C$0.18 earnings per share for the quarter, topping analysts' consensus estimates of C$0.14 by C$0.04. Doman Building Materials Group had a return on equity of 10.63% and a net margin of 2.56%. During the same quarter in the prior year, the company posted $0.24 earnings per share. On average, analysts expect that Doman Building Materials Group Ltd. will post 0.8051471 earnings per share for the current fiscal year.

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.