TD Securities Forecasts Strong Price Appreciation for Dollarama (TSE:DOL) Stock

by · The Markets Daily

Dollarama (TSE:DOL – Get Free Report) had its price objective lifted by equities researchers at TD Securities from C$210.00 to C$235.00 in a note issued to investors on Friday,BayStreet.CA reports. The firm currently has a “buy” rating on the stock. TD Securities’ price objective would suggest a potential upside of 16.93% from the stock’s previous close.

Several other research analysts have also weighed in on the company. Jefferies Financial Group upped their price target on Dollarama from C$223.00 to C$235.00 in a research report on Friday. Desjardins set a C$205.00 target price on Dollarama and gave the company a “buy” rating in a research note on Thursday, August 21st. BMO Capital Markets raised their price target on shares of Dollarama from C$215.00 to C$222.00 in a report on Wednesday, December 3rd. Canaccord Genuity Group upped their price objective on shares of Dollarama from C$198.00 to C$207.00 in a research note on Friday. Finally, Sanford C. Bernstein raised their price target on Dollarama from C$223.00 to C$232.00 in a research note on Friday. Two investment analysts have rated the stock with a Strong Buy rating, six have assigned a Buy rating and five have issued a Hold rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of C$216.15.

Check Out Our Latest Stock Analysis on DOL

Dollarama Trading Up 1.8%

Shares of TSE:DOL traded up C$3.49 during mid-day trading on Friday, hitting C$200.98. The stock had a trading volume of 432,359 shares, compared to its average volume of 620,191. The company’s 50 day moving average is C$188.86 and its 200-day moving average is C$188.24. Dollarama has a 12-month low of C$132.37 and a 12-month high of C$209.96. The company has a debt-to-equity ratio of 369.36, a quick ratio of 0.08 and a current ratio of 1.43. The company has a market cap of C$55.52 billion, a PE ratio of 44.56, a P/E/G ratio of 1.93 and a beta of 0.10.

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

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