Dollarama Inc. (TSE:DOL) Receives C$201.23 Average PT from Brokerages

Shares of Dollarama Inc. (TSE:DOL) have been assigned a consensus recommendation of “Moderate Buy” from the twelve analysts that are currently covering the firm, Marketbeat.com reports. Four investment analysts have rated the stock with a hold recommendation, six have assigned a buy recommendation and two have given a strong buy recommendation to the company. The average 12 month price target among brokerages that have updated their coverage on the stock in the last year is C$201.23.

A number of equities research analysts have recently weighed in on the company. Canaccord Genuity Group cut their price objective on Dollarama from C$200.00 to C$195.00 and set a “hold” rating on the stock in a research report on Thursday, August 28th. National Bankshares lowered their target price on shares of Dollarama from C$213.00 to C$203.00 and set an “outperform” rating on the stock in a research note on Thursday, August 28th. Royal Bank Of Canada lifted their price objective on Dollarama from C$207.00 to C$212.00 and gave the stock an “outperform” rating in a report on Tuesday, August 26th. Scotiabank reduced their price objective on Dollarama from C$210.00 to C$205.00 and set an “outperform” rating for the company in a research report on Thursday, August 28th. Finally, Desjardins set a C$205.00 target price on shares of Dollarama and gave the stock a “buy” rating in a research note on Thursday, August 21st.

Dollarama Stock Up 0.4%

Shares of TSE:DOL opened at C$194.93 on Wednesday. The company has a debt-to-equity ratio of 369.36, a current ratio of 1.43 and a quick ratio of 0.08. The firm has a fifty day moving average price of C$184.18 and a two-hundred day moving average price of C$184.34. The company has a market cap of C$53.85 billion, a price-to-earnings ratio of 43.22, a PEG ratio of 1.93 and a beta of 0.06. Dollarama has a one year low of C$132.37 and a one year high of C$198.66.

Dollarama Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, November 7th. Shareholders of record on Friday, November 7th were given a dividend of $0.1058 per share. The ex-dividend date was Friday, October 10th. This represents a $0.42 annualized dividend and a yield of 0.2%. Dollarama’s dividend payout ratio (DPR) is 8.77%.

About Dollarama

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.