Dollarama Inc. (TSE:DOL) Receives C$216.15 Consensus Target Price from Brokerages

Shares of Dollarama Inc. (TSE:DOL) have earned a consensus recommendation of “Moderate Buy” from the eleven research firms that are presently covering the company, MarketBeat reports. Four analysts have rated the stock with a hold rating, six have assigned a buy rating and one has assigned a strong buy rating to the company. The average 1 year target price among brokerages that have updated their coverage on the stock in the last year is C$216.15.

Several equities analysts have recently weighed in on the stock. Canaccord Genuity Group lifted their target price on shares of Dollarama from C$198.00 to C$207.00 in a research note on Friday, December 12th. BMO Capital Markets raised their price objective on shares of Dollarama from C$215.00 to C$222.00 in a report on Wednesday, December 3rd. Canadian Imperial Bank of Commerce lifted their price objective on shares of Dollarama from C$199.00 to C$212.00 and gave the company a “neutral” rating in a research note on Friday, December 12th. National Bank Financial boosted their target price on shares of Dollarama from C$214.00 to C$226.00 and gave the company an “outperform” rating in a report on Friday, December 12th. Finally, Wells Fargo & Company raised their price target on Dollarama from C$185.00 to C$195.00 and gave the stock an “equal weight” rating in a report on Friday, December 12th.

Dollarama Stock Up 1.4%

Shares of TSE DOL opened at C$201.03 on Friday. Dollarama has a one year low of C$147.00 and a one year high of C$209.96. 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 business’s fifty day moving average price is C$196.24 and its 200-day moving average price is C$191.86. The stock has a market capitalization of C$55.00 billion, a PE ratio of 42.77, a P/E/G ratio of 1.93 and a beta of -0.07.

Dollarama (TSE:DOL) last announced its quarterly earnings data on Thursday, December 11th. The company reported C$1.17 earnings per share for the quarter. Dollarama had a return on equity of 135.38% and a net margin of 17.85%.The company had revenue of C$1.91 billion during the quarter. On average, equities research analysts anticipate that Dollarama will post 5.3295203 EPS for the current year.

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. The company’s stores are throughout Canada, generally located in convenient locations, such as metropolitan areas, midsize cities, and small towns.