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

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.

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 trading hands.

Analyst Upgrades and Downgrades

DBM has been the topic of several recent analyst reports. Raymond James Financial lifted their target price on Doman Building Materials Group from C$10.00 to C$11.00 and gave the company a "strong-buy" rating in a research note on Thursday, August 7th. Stifel Nicolaus lifted their target price on Doman Building Materials Group from C$8.00 to C$9.00 in a research note on Monday, May 12th. TD Securities lifted 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. Finally, Canaccord Genuity Group decreased their target price on Doman Building Materials Group from C$11.00 to C$10.00 in a research note on Monday, May 12th. One investment analyst has rated the stock with a Strong Buy rating, five have given a Buy rating and two have given a Hold rating to the company. According to MarketBeat, the stock presently has an average rating of "Moderate Buy" and an average target price of C$10.19.

Doman Building Materials Group Price Performance

The firm has a market cap of C$873.12 million, a PE ratio of 15.44 and a beta of 1.53. The firm has a fifty day simple moving average of C$8.90 and a two-hundred day simple moving average of C$7.94. The company has a debt-to-equity ratio of 112.91, a quick ratio of 1.11 and a current ratio of 2.94.

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.