Doman Building Materials Group (TSE:DBM) Shares Pass Above Two Hundred Day Moving Average - What's Next?

Shares of Doman Building Materials Group Ltd. (TSE:DBM - Get Free Report) crossed above its two hundred day moving average during trading on Tuesday . The stock has a two hundred day moving average of C$7.98 and traded as high as C$8.50. Doman Building Materials Group shares last traded at C$8.32, with a volume of 156,036 shares traded.

Wall Street Analysts Forecast Growth

DBM has been the topic of several analyst reports. Canaccord Genuity Group boosted their price target on shares of Doman Building Materials Group from C$9.00 to C$11.00 and gave the company a "buy" rating in a report on Wednesday, October 2nd. National Bankshares raised their price target on shares of 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. Raymond James raised their target price on shares of Doman Building Materials Group from C$9.75 to C$11.50 and gave the company a "strong-buy" rating in a research note on Wednesday, October 2nd. CIBC lifted their price target on shares of Doman Building Materials Group from C$8.50 to C$9.00 and gave the stock an "outperform" rating in a research report on Wednesday, October 2nd. Finally, Stifel Nicolaus increased their price objective on Doman Building Materials Group from C$11.00 to C$12.00 in a 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 company's stock. According to data from MarketBeat, Doman Building Materials Group currently has an average rating of "Buy" and an average target price of C$10.93.

Doman Building Materials Group Trading Down 3.6 %

The company has a debt-to-equity ratio of 132.33, a quick ratio of 1.11 and a current ratio of 3.78. The business has a fifty day simple moving average of C$9.02 and a 200 day simple moving average of C$7.99. The stock has a market capitalization of C$700.07 million, a price-to-earnings ratio of 11.14 and a beta of 1.53.

Doman Building Materials Group Company Profile

Doman Building Materials Group Ltd., through its subsidiaries, engages in the wholesale distribution of building materials and home renovation products in the United States and Canada. The company offers treated wood; siding and trim; decking and aluminum railing; engineered wood products; roofing products; insulation and wrap products; and lumber and plywood products.