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

Doman Building Materials Group Ltd. (TSE:DBM) shares passed above its two hundred day moving average during trading on Friday . The stock has a two hundred day moving average of C$7.86 and traded as high as C$8.77. Doman Building Materials Group shares last traded at C$8.65, with a volume of 240,060 shares traded.

Wall Street Analysts Forecast Growth

Several equities analysts have recently issued reports on the company. Stifel Nicolaus boosted their target price on Doman Building Materials Group from C$11.00 to C$12.00 in a research report on Monday, November 25th. National Bankshares raised their price objective on Doman Building Materials Group from C$8.50 to C$12.00 and gave the stock an “outperform” rating in a research note on Monday, October 7th. Canaccord Genuity Group increased their price target on Doman Building Materials Group from C$9.00 to C$11.00 and gave the stock a “buy” rating in a report on Wednesday, October 2nd. TD Securities raised their price target on shares of Doman Building Materials Group from C$11.50 to C$12.00 in a research note on Tuesday, October 22nd. Finally, CIBC lifted their price target on shares of Doman Building Materials Group from C$8.50 to C$9.00 and gave the company an “outperform” rating in a research note on Wednesday, October 2nd. Four research analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has an average rating of “Buy” and an average target price of C$10.93.

Doman Building Materials Group Stock Up 1.2 %

The stock has a 50-day moving average of C$9.04 and a 200-day moving average of C$7.86. The company has a quick ratio of 1.11, a current ratio of 3.78 and a debt-to-equity ratio of 132.33. The company has a market cap of C$755.06 million, a PE ratio of 12.01 and a beta of 1.53.

Doman Building Materials Group Company Profile

Doman Building Materials Group Ltd., through its subsidiaries, engages in the wholesale distribution of building materials and home renovation products in the United States and Canada. The company offers treated wood; siding and trim; decking and aluminum railing; engineered wood products; roofing products; insulation and wrap products; and lumber and plywood products.