Doman Building Materials Group (TSE:DBM) Shares Cross Above 200-Day Moving Average – Time to Sell?

Doman Building Materials Group Ltd. (TSE:DBM) shares passed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of C$10.52 and traded as high as C$11.30. Doman Building Materials Group shares last traded at C$11.11, with a volume of 90,833 shares traded.

Wall Street Analysts Forecast Growth

A number of equities analysts recently commented on DBM shares. Stifel Nicolaus raised their target price on Doman Building Materials Group from C$12.00 to C$12.25 and gave the stock a “buy” rating in a report on Tuesday, May 12th. National Bank Financial boosted their price target on Doman Building Materials Group from C$13.50 to C$14.00 and gave the company an “outperform” rating in a report on Wednesday, July 22nd. Desjardins upped their price target on Doman Building Materials Group from C$12.00 to C$12.50 and gave the stock a “buy” rating in a research report on Tuesday, May 12th. Finally, Raymond James Financial lifted their price objective on Doman Building Materials Group from C$12.00 to C$12.50 and gave the company an “outperform” rating in a research report on Thursday, August 6th. Five analysts have rated the stock with a Buy rating, Based on data from MarketBeat, Doman Building Materials Group presently has an average rating of “Buy” and an average price target of C$12.65.

Doman Building Materials Group Stock Performance

The firm has a market capitalization of C$972.11 million, a PE ratio of 11.52 and a beta of 1.51. The company has a debt-to-equity ratio of 153.48, a quick ratio of 1.11 and a current ratio of 3.27. The business’s fifty day simple moving average is C$11.36 and its 200-day simple moving average is C$10.53.

Doman Building Materials Group (TSE:DBM) last released its earnings results on Wednesday, August 5th. The company reported C$0.36 EPS for the quarter. Doman Building Materials Group had a net margin of 2.71% and a return on equity of 12.64%. The firm had revenue of C$904.47 million for the quarter. As a group, equities research analysts expect that Doman Building Materials Group Ltd. will post 0.8051471 EPS for the current year.

Doman Building Materials Group Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Wednesday, July 15th. Shareholders of record on Wednesday, July 15th were paid a $0.14 dividend. The ex-dividend date was Tuesday, June 30th. This represents a $0.56 annualized dividend and a yield of 5.1%. Doman Building Materials Group’s payout ratio is presently 58.33%.

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.