Doman Building Materials Group (TSE:DBM) Share Price Crosses Above Two Hundred Day Moving Average – Here’s Why

Doman Building Materials Group Ltd. (TSE:DBM) passed above its two hundred day moving average during trading on Wednesday . The stock has a two hundred day moving average of C$9.50 and traded as high as C$9.94. Doman Building Materials Group shares last traded at C$9.82, with a volume of 134,425 shares trading hands.

Analyst Upgrades and Downgrades

Several brokerages have weighed in on DBM. Desjardins raised their price objective on Doman Building Materials Group from C$11.00 to C$12.00 and gave the company a “buy” rating in a research note on Monday, March 9th. Stifel Nicolaus lowered their target price on shares of Doman Building Materials Group from C$11.75 to C$11.50 and set a “buy” rating for the company in a report on Monday, March 9th. Raymond James Financial raised their price target on shares of Doman Building Materials Group from C$11.00 to C$12.00 and gave the company a “strong-buy” rating in a research report on Monday, March 9th. Finally, National Bank Financial boosted their price target on shares of Doman Building Materials Group from C$12.00 to C$12.50 and gave the stock an “outperform” rating in a report on Monday, March 9th. One analyst has rated the stock with a Strong Buy rating, five have given a Buy rating and one has assigned a Hold rating to the company’s stock. Based on data from MarketBeat, Doman Building Materials Group currently has an average rating of “Buy” and an average price target of C$10.81.

Doman Building Materials Group Trading Up 0.4%

The stock’s 50 day simple moving average is C$10.03 and its two-hundred day simple moving average is C$9.50. The stock has a market capitalization of C$861.83 million, a PE ratio of 10.67 and a beta of 1.28. The company has a debt-to-equity ratio of 157.89, a current ratio of 3.22 and a quick ratio of 1.11.

Doman Building Materials Group (TSE:DBM) last issued its quarterly earnings results on Thursday, March 5th. The company reported C$0.13 earnings per share (EPS) for the quarter. The company had revenue of C$644.23 million during the quarter. Doman Building Materials Group had a net margin of 2.57% and a return on equity of 12.47%. On average, sell-side analysts expect that Doman Building Materials Group Ltd. will post 0.8051471 EPS for the current year.

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. 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.