Doman Building Materials Group (TSE:DBM) Share Price Passes Above Two Hundred Day Moving Average - Should You Sell?

Shares of Doman Building Materials Group Ltd. (TSE:DBM - Get Free Report) crossed above its two hundred day moving average during trading on Monday . The stock has a two hundred day moving average of C$7.83 and traded as high as C$8.73. Doman Building Materials Group shares last traded at C$8.64, with a volume of 49,572 shares trading hands.

Analyst Upgrades and Downgrades

Several research analysts have recently commented on the stock. Stifel Nicolaus lifted their price target on shares of Doman Building Materials Group from C$8.00 to C$9.00 in a report on Monday, May 12th. Canaccord Genuity Group cut their target price on shares of Doman Building Materials Group from C$11.00 to C$10.00 in a report on Monday, May 12th. TD Securities lifted their target price on Doman Building Materials Group from C$9.50 to C$10.00 in a research note on Monday, May 12th. Royal Bank Of Canada dropped their price target on Doman Building Materials Group from C$11.00 to C$10.00 and set an "outperform" rating on the stock in a research report on Tuesday, April 22nd. Finally, CIBC lowered Doman Building Materials Group from an "outperform" rating to a "neutral" rating and set a C$7.50 price objective for the company. in a research report on Tuesday, April 22nd. Two research analysts have rated the stock with a hold rating, five have given a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, the company presently has a consensus rating of "Moderate Buy" and an average target price of C$10.13.

Doman Building Materials Group Stock Performance

The firm has a market capitalization of C$749.89 million, a price-to-earnings ratio of 13.26 and a beta of 1.53. The company has a 50-day moving average price of C$7.80 and a 200-day moving average price of C$7.84. The company has a quick ratio of 1.11, a current ratio of 2.94 and a debt-to-equity ratio of 112.91.

Doman Building Materials Group Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, April 15th. Shareholders of record on Tuesday, April 15th were paid a dividend of $0.14 per share. The ex-dividend date was Monday, March 31st. This represents a $0.56 annualized dividend and a yield of 6.53%. Doman Building Materials Group's payout ratio is 86.55%.

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.