Dollarama (TSE:DOL) Given a C$223.00 Price Target at Royal Bank Of Canada

Dollarama (TSE:DOLGet Free Report) has been given a C$223.00 target price by stock analysts at Royal Bank Of Canada in a research report issued on Tuesday, BayStreet reports. The brokerage currently has an “outperform” rating on the stock. Royal Bank Of Canada’s price objective indicates a potential upside of 27.29% from the stock’s current price.

DOL has been the topic of a number of other research reports. Jefferies Financial Group lifted their price target on shares of Dollarama from C$200.00 to C$230.00 in a research note on Friday, June 12th. Stifel Nicolaus increased their price objective on shares of Dollarama from C$190.00 to C$215.00 in a report on Friday, June 12th. Sanford C. Bernstein cut their target price on shares of Dollarama from C$232.00 to C$227.00 in a research note on Tuesday, May 12th. Canadian Imperial Bank of Commerce upped their price target on shares of Dollarama from C$202.00 to C$228.00 in a research report on Friday, June 12th. Finally, Ventum Financial set a C$225.00 price target on shares of Dollarama and gave the company a “buy” rating in a research note on Thursday, August 20th. One equities research analyst has rated the stock with a Strong Buy rating, ten have given a Buy rating and one has given a Hold rating to the stock. According to data from MarketBeat.com, Dollarama presently has a consensus rating of “Buy” and an average price target of C$216.56.

View Our Latest Analysis on DOL

Dollarama Stock Performance

DOL traded up C$0.12 on Tuesday, reaching C$175.19. The stock had a trading volume of 221,239 shares, compared to its average volume of 696,409. The business’s 50-day moving average price is C$187.63 and its two-hundred day moving average price is C$183.66. The company has a market cap of C$47.44 billion, a P/E ratio of 36.05, a price-to-earnings-growth ratio of 1.93 and a beta of 0.33. Dollarama has a 12-month low of C$166.00 and a 12-month high of C$209.96. The company has a current ratio of 1.57, a quick ratio of 0.08 and a debt-to-equity ratio of 451.20.

Dollarama (TSE:DOLGet Free Report) last announced its quarterly earnings results on Thursday, June 11th. The company reported C$1.11 earnings per share for the quarter. The firm had revenue of C$1.85 billion during the quarter. Dollarama had a return on equity of 95.90% and a net margin of 17.65%. Sell-side analysts forecast that Dollarama will post 5.3295203 earnings per share for the current year.

About Dollarama

(Get Free Report)

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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Analyst Recommendations for Dollarama (TSE:DOL)

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