Doman Building Materials Group Ltd. (TSE:DBM - Get Free Report)'s stock price crossed above its two hundred day moving average during trading on Thursday . The stock has a two hundred day moving average of C$7.78 and traded as high as C$8.82. Doman Building Materials Group shares last traded at C$8.79, with a volume of 258,578 shares traded.
Analyst Upgrades and Downgrades
Several analysts have recently weighed in on the company. CIBC lowered Doman Building Materials Group from an "outperform" rating to a "neutral" rating and set a C$7.50 price objective on the stock. 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 research report on Tuesday, April 22nd. Royal Bank Of Canada cut their target price on Doman Building Materials Group from C$11.00 to C$10.00 and set an "outperform" rating for the company in a research report on Tuesday, April 22nd. Canaccord Genuity Group cut their target price on Doman Building Materials Group from C$11.00 to C$10.00 in a research report on Monday, May 12th. Finally, TD Securities raised their target price on Doman Building Materials Group from C$9.50 to C$10.00 in a research report on Monday, May 12th. Two investment analysts have rated the stock with a hold rating, five have assigned a buy rating and one has given a strong buy rating to the company. According to MarketBeat, Doman Building Materials Group presently has a consensus rating of "Moderate Buy" and a consensus target price of C$10.13.
Check Out Our Latest Stock Report on Doman Building Materials Group
Doman Building Materials Group Stock Performance
The company has a 50-day simple moving average of C$8.44 and a 200-day simple moving average of C$7.76. The company has a debt-to-equity ratio of 112.91, a quick ratio of 1.11 and a current ratio of 2.94. The stock has a market cap of C$756.00 million, a P/E ratio of 13.37 and a beta of 1.53.
Doman Building Materials Group Company Profile
(
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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.
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