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Doman Building Materials Group (TSE:DBM) Stock Passes Above Two Hundred Day Moving Average - Time to Sell?

Doman Building Materials Group logo with Industrials background

Key Points

  • Doman Building Materials Group's stock recently crossed above its 200-day moving average, trading as high as C$9.79 and closing at C$9.77.
  • Analysts have mixed perspectives, with two analysts rating the stock as "hold," five as "buy," and one as "strong buy," while the average target price is set at C$10.19.
  • The company boasts a market cap of C$853.89 million and has various financial ratios reflecting its operational performance, including a debt-to-equity ratio of 112.91.
  • Want stock alerts on Doman Building Materials Group? Get 5 Weeks of MarketBeat All Access for $5. Get My Stock Alerts.

Doman Building Materials Group Ltd. (TSE:DBM - Get Free Report) shares crossed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of C$7.89 and traded as high as C$9.79. Doman Building Materials Group shares last traded at C$9.77, with a volume of 185,381 shares.

Wall Street Analyst Weigh In

Several research analysts recently commented on the company. TD Securities boosted their target price on Doman Building Materials Group from C$10.00 to C$11.00 and gave the stock a "buy" rating in a research note on Friday, August 8th. Raymond James Financial boosted their target price on 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. Cibc World Mkts cut 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 lowered their price objective 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. Finally, Stifel Nicolaus upped their price objective on 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 given 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 presently has a consensus rating of "Moderate Buy" and an average target price of C$10.19.

Check Out Our Latest Analysis on Doman Building Materials Group

Doman Building Materials Group Stock Up 0.9%

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 cap of C$853.89 million, a price-to-earnings ratio of 15.10 and a beta of 1.53. The firm's 50 day simple moving average is C$8.81 and its 200-day simple moving average is C$7.89.

About Doman Building Materials Group

(Get Free Report)

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.

See Also

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.

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