Doman Building Materials Group (TSE:DBM) Share Price Passes Above 200 Day Moving Average - Should You Sell?

Key Points

• Doman Building Materials Group's shares have surpassed their 200-day moving average, indicating a potential bullish trend, with the stock last trading at C$8.50.
• Analysts have mixed predictions for the company, with price targets ranging from C$7.50 to C$10.00, and a consensus rating of "Moderate Buy".
• The company currently has a market capitalization of C$742.89 million and a debt-to-equity ratio of 112.91, highlighting concerns over its financial leverage.

Doman Building Materials Group Ltd. (TSE:DBM - Get Free Report) shares passed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of C$7.80 and traded as high as C$8.57. Doman Building Materials Group shares last traded at C$8.50, with a volume of 76,071 shares.

Analyst Ratings Changes

A number of equities analysts have issued reports on DBM shares. Stifel Nicolaus increased their price objective on Doman Building Materials Group from C$8.00 to C$9.00 in a report on Monday, May 12th. Canaccord Genuity Group decreased their price objective on Doman Building Materials Group from C$11.00 to C$10.00 in a report on Monday, May 12th. CIBC downgraded 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 report on Tuesday, April 22nd. Cibc World Mkts downgraded Doman Building Materials Group from a "strong-buy" rating to a "hold" rating in a report on Tuesday, April 22nd. Finally, TD Securities increased their target price on Doman Building Materials Group from C$9.50 to C$10.00 in a research note on Monday, May 12th. Two investment analysts have rated the stock with a hold rating, five have issued a buy rating and one has assigned a strong buy rating to the company's stock. According to data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and an average target price of C$10.13.

Doman Building Materials Group Stock Performance

The company has a debt-to-equity ratio of 112.91, a current ratio of 2.94 and a quick ratio of 1.11. The stock has a market capitalization of C$742.89 million, a PE ratio of 13.14 and a beta of 1.53. The business has a 50 day moving average price of C$8.64 and a 200 day moving average price of C$7.80.

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.