Doman Building Materials Group (TSE:DBM) Shares Pass Above 200 Day Moving Average – Here’s What Happened

Doman Building Materials Group Ltd. (TSE:DBM)’s share price passed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of C$9.16 and traded as high as C$9.89. Doman Building Materials Group shares last traded at C$9.89, with a volume of 250,888 shares traded.

Wall Street Analysts Forecast Growth

A number of brokerages recently issued reports on DBM. Desjardins set a C$11.00 price objective on Doman Building Materials Group and gave the company a “buy” rating in a research note on Thursday, October 30th. National Bankshares lifted their price objective on Doman Building Materials Group from C$10.50 to C$11.50 and gave the company an “outperform” rating in a report on Tuesday, October 28th. Finally, Stifel Nicolaus cut their price objective on Doman Building Materials Group from C$12.00 to C$10.50 and set a “buy” rating on the stock in a report on Tuesday, October 7th. One equities research analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating and two have issued a Hold rating to the company’s stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of C$10.31.

Doman Building Materials Group Stock Performance

The company has a current ratio of 2.94, a quick ratio of 1.11 and a debt-to-equity ratio of 112.91. The stock’s 50-day moving average price is C$9.26 and its 200-day moving average price is C$9.16. The company has a market capitalization of C$866.66 million, a P/E ratio of 11.24 and a beta of 1.59.

Doman Building Materials Group (TSE:DBM) last posted its earnings results on Thursday, November 6th. The company reported C$0.21 EPS for the quarter. The firm had revenue of C$795.09 million during the quarter. Doman Building Materials Group had a net margin of 2.27% and a return on equity of 9.41%. As a group, equities 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.