Dollarama (TSE:DOL) Stock Price Expected to Rise, Desjardins Analyst Says

Dollarama (TSE:DOL) had its price objective lifted by analysts at Desjardins from C$165.00 to C$185.00 in a report released on Tuesday,BayStreet.CA reports. The brokerage presently has a “buy” rating on the stock. Desjardins’ target price suggests a potential upside of 5.08% from the company’s current price.

A number of other analysts have also issued reports on the stock. BMO Capital Markets lifted their price target on shares of Dollarama from C$154.00 to C$160.00 in a research note on Friday, March 14th. Jefferies Financial Group set a C$180.00 price target on shares of Dollarama and gave the stock a “buy” rating in a research note on Thursday, April 10th. Stifel Nicolaus boosted their target price on shares of Dollarama from C$140.00 to C$162.00 in a research note on Friday, April 4th. CIBC boosted their target price on shares of Dollarama from C$145.00 to C$174.00 in a research note on Friday, April 4th. Finally, Canaccord Genuity Group boosted their target price on shares of Dollarama from C$168.00 to C$178.00 in a research note on Thursday, June 5th. Six equities research analysts have rated the stock with a hold rating, six have assigned a buy rating and two have given a strong buy rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of C$167.00.

Dollarama Stock Up 0.4%

Shares of TSE DOL traded up C$0.72 during trading on Tuesday, reaching C$176.06. 217,163 shares of the stock were exchanged, compared to its average volume of 713,625. The business’s 50-day moving average price is C$168.27 and its 200 day moving average price is C$152.11. Dollarama has a twelve month low of C$119.75 and a twelve month high of C$179.71. The company has a quick ratio of 0.08, a current ratio of 1.43 and a debt-to-equity ratio of 369.36. The company has a market capitalization of C$48.65 billion, a price-to-earnings ratio of 44.84, a price-to-earnings-growth ratio of 1.93 and a beta of 0.56.

Insider Buying and Selling

In related news, Senior Officer Geoffrey Peter Robillard sold 28,000 shares of the company’s stock in a transaction on Friday, April 11th. The stock was sold at an average price of C$160.00, for a total value of C$4,480,000.00. Also, Senior Officer Mark Di Pesa sold 1,350 shares of the company’s stock in a transaction on Wednesday, April 23rd. The shares were sold at an average price of C$173.51, for a total value of C$234,234.45. 2.23% of the stock is currently owned by corporate insiders.

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.