Doman Building Materials Group (TSE:DBM) Shares Cross Above 200-Day Moving Average - What's Next?

Doman Building Materials Group Ltd. (TSE:DBM - Get Free Report)'s share price crossed above its 200-day moving average during trading on Thursday . The stock has a 200-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 changing hands.

Analyst Ratings Changes

DBM has been the subject of a number of research reports. 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 reduced their price target on shares of 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. Cibc World Mkts downgraded shares of Doman Building Materials Group from a "strong-buy" rating to a "hold" rating in a report on Tuesday, April 22nd. CIBC lowered shares of Doman Building Materials Group from an "outperform" rating to a "neutral" rating and set a C$7.50 target price for the company. in a research report on Tuesday, April 22nd. Finally, Stifel Nicolaus increased their price target on shares of Doman Building Materials Group from C$8.00 to C$9.00 in a research report 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, Doman Building Materials Group has an average rating of "Moderate Buy" and a consensus target price of C$10.13.

Doman Building Materials Group Stock Performance

The company has a current ratio of 2.94, a quick ratio of 1.11 and a debt-to-equity ratio of 112.91. The company has a market cap of C$768.24 million, a PE ratio of 13.59 and a beta of 1.53. The firm's 50-day simple moving average is C$8.41 and its two-hundred day simple moving average is C$7.78.

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.

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