Doman Building Materials Group (TSE:DBM) Stock Price Crosses Above 200-Day Moving Average - Should You Sell?

Shares of Doman Building Materials Group Ltd. (TSE:DBM - Get Free Report) passed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of C$7.89 and traded as high as C$8.62. Doman Building Materials Group shares last traded at C$8.61, with a volume of 43,677 shares traded.

Wall Street Analysts Forecast Growth

A number of research analysts have weighed in on the company. TD Securities increased their price target on Doman Building Materials Group from C$9.50 to C$10.00 in a research note on Monday, May 12th. Stifel Nicolaus upped their target price on Doman Building Materials Group from C$8.00 to C$9.00 in a research note on Monday, May 12th. CIBC downgraded Doman Building Materials Group from an "outperform" rating to a "neutral" rating and set a C$7.50 target price on the stock. in a research report on Tuesday, April 22nd. Royal Bank of Canada decreased their price target on Doman Building Materials Group from C$11.00 to C$10.00 and set an "outperform" rating on the stock in a research note on Tuesday, April 22nd. Finally, Cibc World Mkts downgraded shares of Doman Building Materials Group from a "strong-buy" rating to a "hold" rating in a research note on Tuesday, April 22nd. Two 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 stock. According to data from MarketBeat, Doman Building Materials Group presently has a consensus rating of "Moderate Buy" and a consensus target price of C$10.13.

Doman Building Materials Group Stock Up 0.8%

The stock has a fifty day moving average of C$7.50 and a two-hundred day moving average of C$7.89. The company has a quick ratio of 1.11, a current ratio of 2.94 and a debt-to-equity ratio of 112.91. The stock has a market cap of C$752.51 million, a price-to-earnings ratio of 13.31 and a beta of 1.53.

Doman Building Materials Group Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, April 15th. Stockholders of record on Tuesday, April 15th were paid a $0.14 dividend. This represents a $0.56 annualized dividend and a dividend yield of 6.50%. The ex-dividend date of this dividend was Monday, March 31st. Doman Building Materials Group's dividend payout ratio is currently 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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