BMO Capital Markets Cuts Dollarama (TSE:DOL) Price Target to C$210.00

Dollarama (TSE:DOLFree Report) had its price objective decreased by BMO Capital Markets from C$222.00 to C$210.00 in a research report released on Wednesday morning,BayStreet.CA reports.

Other equities research analysts also recently issued reports about the company. Stifel Nicolaus reduced their price target on Dollarama from C$200.00 to C$180.00 and set a “hold” rating on the stock in a report on Wednesday. Scotiabank boosted their price objective on Dollarama from C$205.00 to C$220.00 and gave the company an “outperform” rating in a report on Friday, December 12th. UBS Group cut their price objective on Dollarama from C$210.00 to C$191.00 in a research report on Wednesday. Jefferies Financial Group decreased their target price on Dollarama from C$235.00 to C$200.00 in a research report on Wednesday. Finally, Canaccord Genuity Group lowered their target price on shares of Dollarama from C$207.00 to C$187.00 in a research note on Wednesday. One investment analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating and three have issued a Hold rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of C$202.92.

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Dollarama Stock Performance

TSE DOL opened at C$166.76 on Wednesday. The company has a market cap of C$45.48 billion, a P/E ratio of 35.26, a P/E/G ratio of 1.93 and a beta of 0.15. The company has a debt-to-equity ratio of 370.61, a quick ratio of 0.08 and a current ratio of 1.13. The business’s 50 day moving average price is C$190.83 and its 200-day moving average price is C$191.65. Dollarama has a fifty-two week low of C$147.00 and a fifty-two week high of C$209.96.

Dollarama (TSE:DOLGet Free Report) last posted its quarterly earnings data on Tuesday, March 24th. The company reported C$1.43 earnings per share for the quarter. The business had revenue of C$2.10 billion for the quarter. Dollarama had a net margin of 18.05% and a return on equity of 94.71%. Sell-side analysts predict that Dollarama will post 5.3295203 earnings per share for the current year.

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About Dollarama

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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.

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