Doman Building Materials Group Ltd. (TSE:DBM - Get Free Report) passed above its two hundred day moving average during trading on Friday . The stock has a two hundred day moving average of C$8.02 and traded as high as C$9.85. Doman Building Materials Group shares last traded at C$9.76, with a volume of 83,417 shares changing hands.
Wall Street Analyst Weigh In
Several research firms have issued reports on DBM. Raymond James Financial boosted their price objective on shares of Doman Building Materials Group from C$10.00 to C$11.00 and gave the stock a "strong-buy" rating in a research note on Thursday, August 7th. Stifel Nicolaus increased their price target on Doman Building Materials Group from C$8.00 to C$9.00 in a report on Monday, May 12th. Canaccord Genuity Group reduced their price objective on Doman Building Materials Group from C$11.00 to C$10.00 in a research note on Monday, May 12th. Finally, TD Securities increased their target price on Doman Building Materials Group from C$10.00 to C$11.00 and gave the company a "buy" rating in a research note on Friday, August 8th. One research analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating and two have assigned a Hold rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average price target of C$10.19.
View Our Latest Research Report on DBM
Doman Building Materials Group Trading Up 0.4%
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 business's 50 day moving average price is C$9.09 and its 200-day moving average price is C$8.06. The firm has a market cap of C$856.15 million, a price-to-earnings ratio of 11.49 and a beta of 1.36.
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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