Ventum Financial Reiterates C$225.00 Price Target for Dollarama (TSE:DOL)

Dollarama (TSE:DOL) has been assigned a C$225.00 price target by research analysts at Ventum Financial in a research report issued on Thursday,BayStreet.CA reports. The firm currently has a “buy” rating on the stock. Ventum Financial’s price target would suggest a potential upside of 19.90% from the company’s current price.

A number of other analysts have also recently commented on the stock. TD lifted their target price on shares of Dollarama from C$225.00 to C$227.00 and gave the stock a “buy” rating in a research note on Friday, June 12th. Desjardins upped their price target on shares of Dollarama from C$205.00 to C$215.00 in a research note on Friday, June 12th. Canadian Imperial Bank of Commerce raised their price target on shares of Dollarama from C$202.00 to C$228.00 in a report on Friday, June 12th. Royal Bank Of Canada set a C$223.00 price objective on shares of Dollarama and gave the stock an “outperform” rating in a research note on Thursday, June 4th. Finally, Canaccord Genuity Group boosted their price objective on shares of Dollarama from C$187.00 to C$204.00 in a report on Friday, June 12th. One equities research analyst has rated the stock with a Strong Buy rating, ten have assigned a Buy rating and two have assigned a Hold rating to the company’s stock. According to MarketBeat.com, Dollarama has a consensus rating of “Moderate Buy” and an average target price of C$216.56.

Dollarama Stock Down 1.2%

Dollarama stock traded down C$2.25 during midday trading on Thursday, reaching C$187.66. The company’s stock had a trading volume of 223,856 shares, compared to its average volume of 694,563. The company has a debt-to-equity ratio of 451.20, a current ratio of 1.57 and a quick ratio of 0.08. The stock has a market capitalization of C$50.81 billion, a P/E ratio of 38.61, a PEG ratio of 1.93 and a beta of 0.33. The stock’s 50-day simple moving average is C$188.96 and its 200-day simple moving average is C$184.16. Dollarama has a 52-week low of C$166.00 and a 52-week high of C$209.96.

Dollarama (TSE:DOL) last issued its quarterly earnings results on Thursday, June 11th. The company reported C$1.11 earnings per share for the quarter. Dollarama had a return on equity of 95.90% and a net margin of 17.65%.The business had revenue of C$1.85 billion for the quarter. On average, sell-side analysts expect that Dollarama will post 5.3295203 EPS for the current year.

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