Dollarama (TSE:DOL) Price Target Raised to C$223.00

Dollarama (TSE:DOL) had its target price hoisted by equities research analysts at Sanford C. Bernstein from C$220.00 to C$223.00 in a research report issued to clients and investors on Tuesday,BayStreet.CA reports. Sanford C. Bernstein’s price target suggests a potential upside of 23.11% from the company’s previous close.

DOL has been the subject of a number of other reports. Desjardins set a C$205.00 price objective on shares of Dollarama and gave the stock a “buy” rating in a research report on Thursday, August 21st. Canaccord Genuity Group lowered their price target on shares of Dollarama from C$200.00 to C$195.00 and set a “hold” rating on the stock in a report on Thursday, August 28th. CIBC lowered their price target on shares of Dollarama from C$204.00 to C$199.00 and set a “neutral” rating on the stock in a report on Thursday, August 28th. Scotiabank lowered their price target on shares of Dollarama from C$210.00 to C$205.00 and set an “outperform” rating on the stock in a report on Thursday, August 28th. Finally, National Bankshares lowered their price target on shares of Dollarama from C$213.00 to C$203.00 and set an “outperform” rating on the stock in a report on Thursday, August 28th. Two equities research analysts have rated the stock with a Strong Buy rating, six have assigned a Buy rating and four have given a Hold rating to the company’s stock. According to data from MarketBeat.com, Dollarama presently has a consensus rating of “Moderate Buy” and a consensus target price of C$201.23.

Dollarama Stock Down 0.8%

Shares of TSE DOL traded down C$1.46 during mid-day trading on Tuesday, reaching C$181.14. 162,247 shares of the company’s stock traded hands, compared to its average volume of 628,537. The stock has a market cap of C$50.04 billion, a P/E ratio of 40.16, a PEG ratio of 1.93 and a beta of 0.05. The business has a 50-day simple moving average of C$184.18 and a 200 day simple moving average of C$183.47. Dollarama has a 1-year low of C$132.37 and a 1-year high of C$198.66. The company has a debt-to-equity ratio of 369.36, a current ratio of 1.43 and a quick ratio of 0.08.

Dollarama Company Profile

Dollarama Inc is a Canada-based company principally engaged in operating discount retail stores. The company provides a broad range of everyday consumer products, general merchandise, and seasonal items, with merchandise at low fixed price points. General merchandise and consumer products jointly account for the majority of the company’s product offerings.