Doman Building Materials Group (TSE:DBM) Stock Crosses 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 Tuesday . The stock has a 200-day moving average of C$7.79 and traded as high as C$8.80. Doman Building Materials Group shares last traded at C$8.73, with a volume of 102,543 shares traded.

Wall Street Analysts Forecast Growth

DBM has been the topic of several research analyst reports. Cibc World Mkts lowered shares of Doman Building Materials Group from a "strong-buy" rating to a "hold" rating in a research note 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 price target on the stock. in a research note on Tuesday, April 22nd. TD Securities lifted their price target on shares of Doman Building Materials Group from C$9.50 to C$10.00 in a research note on Monday, May 12th. Canaccord Genuity Group cut their price target on shares of Doman Building Materials Group from C$11.00 to C$10.00 in a research note on Monday, May 12th. Finally, Stifel Nicolaus lifted their price target on shares of Doman Building Materials Group from C$8.00 to C$9.00 in a research note on Monday, May 12th. Two research 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's stock. According to data from MarketBeat, Doman Building Materials Group currently has an average rating of "Moderate Buy" and a consensus price target of C$10.13.

Doman Building Materials Group Trading Up 0.2%

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 company has a market capitalization of C$763.00 million, a price-to-earnings ratio of 13.49 and a beta of 1.53. The business's 50 day simple moving average is C$7.95 and its 200 day simple moving average is C$7.79.

Doman Building Materials Group Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, April 15th. Stockholders of record on Tuesday, April 15th were issued a $0.14 dividend. This represents a $0.56 annualized dividend and a dividend yield of 6.41%. The ex-dividend date of this dividend was Monday, March 31st. 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.

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