Doman Building Materials Group (TSE:DBM) Stock Price Crosses Above 200-Day Moving Average – What’s Next?

Shares of Doman Building Materials Group Ltd. (TSE:DBM) crossed above its two hundred day moving average during trading on Thursday . The stock has a two hundred day moving average of C$9.28 and traded as high as C$9.98. Doman Building Materials Group shares last traded at C$9.82, with a volume of 166,524 shares trading hands.

Analysts Set New Price Targets

Several equities analysts have weighed in on DBM shares. National Bankshares lifted their price objective on shares of Doman Building Materials Group from C$10.50 to C$11.50 and gave the stock an “outperform” rating in a research report on Tuesday, October 28th. Desjardins set a C$11.00 price target on Doman Building Materials Group and gave the company a “buy” rating in a report on Thursday, October 30th. Finally, Stifel Nicolaus reduced their price objective on Doman Building Materials Group from C$12.00 to C$10.50 and set a “buy” rating for the company in a research note on Tuesday, October 7th. One research analyst has rated the stock with a Strong Buy rating, five have given a Buy rating and two have issued a Hold rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of C$10.31.

Doman Building Materials Group Price Performance

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’s 50 day moving average price is C$9.59 and its two-hundred day moving average price is C$9.28. The firm has a market capitalization of C$860.53 million, a price-to-earnings ratio of 11.16 and a beta of 1.59.

Doman Building Materials Group (TSE:DBM) last released its quarterly earnings data on Thursday, November 6th. The company reported C$0.21 earnings per share (EPS) for the quarter. Doman Building Materials Group had a return on equity of 9.41% and a net margin of 2.27%.The firm had revenue of C$795.09 million during the quarter. Analysts anticipate that Doman Building Materials Group Ltd. will post 0.8051471 EPS for the current fiscal year.

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. Its operations also include timber ownership and management of private timberlands and forest licenses, and agricultural post-peeling and pressure treating through CanWel Fibre Corp.