Dollarama (TSE:DOL – Get Free Report) had its price target lifted by equities research analysts at Ventum Capital from C$225.00 to C$231.00 in a report issued on Wednesday, BayStreet reports. The firm presently has a “buy” rating on the stock. Ventum Capital’s target price indicates a potential upside of 12.74% from the company’s current price.
A number of other research firms have also recently commented on DOL. National Bank Financial lifted their target price on Dollarama from C$209.00 to C$210.00 and gave the stock an “outperform” rating in a research note on Thursday, September 17th. UBS Group reduced their price target on shares of Dollarama from C$202.00 to C$190.00 in a research report on Monday, September 14th. Royal Bank Of Canada increased their price target on shares of Dollarama from C$223.00 to C$225.00 and gave the company an “outperform” rating in a research report on Thursday, September 17th. Scotiabank decreased their price objective on shares of Dollarama from C$220.00 to C$210.00 in a report on Monday, September 21st. Finally, Desjardins decreased their price objective on shares of Dollarama from C$215.00 to C$210.00 and set a “buy” rating for the company in a report on Thursday, September 17th. Eleven analysts have rated the stock with a Buy rating and one has issued a Hold rating to the stock. According to data from MarketBeat.com, Dollarama presently has a consensus rating of “Moderate Buy” and an average price target of C$216.06.
View Our Latest Analysis on DOL
Dollarama Stock Performance
Shares of DOL traded down C$0.97 on Wednesday, reaching C$204.89. 283,661 shares of the company’s stock traded hands, compared to its average volume of 710,273. The stock’s 50 day simple moving average is C$183.40 and its two-hundred day simple moving average is C$182.02. The stock has a market cap of C$54.99 billion, a PE ratio of 41.14, a PEG ratio of 1.93 and a beta of 0.34. Dollarama has a 52-week low of C$163.25 and a 52-week high of C$209.96. The company has a current ratio of 1.55, a quick ratio of 0.08 and a debt-to-equity ratio of 399.63.
Dollarama (TSE:DOL – Get Free Report) last announced its quarterly earnings data on Wednesday, September 16th. The company reported C$1.29 earnings per share (EPS) for the quarter. Dollarama had a return on equity of 97.52% and a net margin of 17.32%. The firm had revenue of C$2.03 billion during the quarter. On average, analysts forecast that Dollarama will post 5.33 earnings per share for the current fiscal 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.
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