Doman Building Materials Group (TSE:DBM) Shares Pass Above 200 Day Moving Average - Here's What Happened

Doman Building Materials Group Ltd. (TSE:DBM - Get Free Report) passed 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 changing hands.

Analysts Set New Price Targets

Several equities research analysts recently weighed in on the stock. Stifel Nicolaus increased their price objective on shares of Doman Building Materials Group from C$8.00 to C$9.00 in a research note on Monday, May 12th. Cibc World Mkts cut Doman Building Materials Group from a "strong-buy" rating to a "hold" rating in a research report on Tuesday, April 22nd. Canaccord Genuity Group reduced their price objective on Doman Building Materials Group from C$11.00 to C$10.00 in a research report on Monday, May 12th. Royal Bank Of Canada dropped their target price 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 cut Doman Building Materials Group from an "outperform" rating to a "neutral" rating and set a C$7.50 target price on the stock. in a research note on Tuesday, April 22nd. Two research analysts have rated the stock with a hold rating, five have assigned a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average price target of C$10.13.

Doman Building Materials Group Trading Up 0.2%

The firm has a market capitalization of C$751.63 million, a P/E ratio of 13.29 and a beta of 1.53. The business's 50 day moving average is C$7.84 and its two-hundred day moving average is C$7.83. 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 declared a quarterly dividend, which was paid on Tuesday, April 15th. Stockholders of record on Tuesday, April 15th were paid a $0.14 dividend. This represents a $0.56 dividend on an annualized basis and a dividend yield of 6.51%. The ex-dividend date was Monday, March 31st. Doman Building Materials Group's dividend payout ratio is currently 86.55%.

About Doman Building Materials Group

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.