Scotiabank Issues Positive Forecast for Dollarama (TSE:DOL) Stock Price

by · The Cerbat Gem

Dollarama (TSE:DOL – Get Free Report) had its price objective boosted by research analysts at Scotiabank from C$205.00 to C$220.00 in a note issued to investors on Friday,BayStreet.CA reports. The brokerage presently has an “outperform” rating on the stock. Scotiabank’s target price suggests a potential upside of 9.46% from the stock’s previous close.

DOL has been the topic of a number of other reports. Canaccord Genuity Group boosted their target price on shares of Dollarama from C$198.00 to C$207.00 in a report on Friday. National Bankshares raised their target price on shares of Dollarama from C$203.00 to C$214.00 and gave the company an “outperform” rating in a research note on Thursday, December 4th. Stifel Nicolaus upped their price objective on Dollarama from C$190.00 to C$200.00 and gave the company a “hold” rating in a research note on Friday. Jefferies Financial Group lifted their target price on Dollarama from C$223.00 to C$235.00 in a research note on Friday. Finally, CIBC dropped their price target on Dollarama from C$204.00 to C$199.00 and set a “neutral” rating on the stock in a research note on Thursday, August 28th. Two investment analysts have rated the stock with a Strong Buy rating, six have given a Buy rating and five have assigned a Hold rating to the stock. According to data from MarketBeat, Dollarama presently has a consensus rating of “Moderate Buy” and an average price target of C$216.15.

View Our Latest Stock Report on DOL

Dollarama Stock Up 1.8%

DOL traded up C$3.49 during trading hours on Friday, hitting C$200.98. 432,359 shares of the company’s stock were exchanged, compared to its average volume of 620,191. The stock has a market cap of C$55.52 billion, a price-to-earnings ratio of 44.56, a PEG ratio of 1.93 and a beta of 0.10. Dollarama has a 1-year low of C$132.37 and a 1-year high of C$209.96. The stock’s 50-day moving average is C$188.86 and its two-hundred day moving average is C$188.24. The company has a quick ratio of 0.08, a current ratio of 1.43 and a debt-to-equity ratio of 369.36.

Dollarama (TSE:DOL – Get Free Report) last posted its quarterly earnings data on Thursday, December 11th. The company reported C$1.17 EPS for the quarter. Dollarama had a net margin of 17.85% and a return on equity of 135.38%. The company had revenue of C$1.91 billion during the quarter. Sell-side analysts predict that Dollarama will post 5.3295203 earnings per share for the current fiscal year.

Dollarama Company Profile

(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.

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