Dollarama (TSE:DOL) Stock Price Expected to Rise, Royal Bank Of Canada Analyst Says

by · The Markets Daily

Dollarama (TSE:DOL – Get Free Report) had its price objective boosted by equities research analysts at Royal Bank Of Canada from C$220.00 to C$225.00 in a note issued to investors on Friday,BayStreet.CA reports. The firm presently has an “outperform” rating on the stock. Royal Bank Of Canada’s price objective would indicate a potential upside of 11.95% from the company’s current price.

Several other equities research analysts have also recently weighed in on the company. Canaccord Genuity Group upped their price objective on Dollarama from C$198.00 to C$207.00 in a research report on Friday. Scotiabank raised their price target on Dollarama from C$205.00 to C$220.00 and gave the stock an “outperform” rating in a research report on Friday. Desjardins set a C$205.00 target price on shares of Dollarama and gave the company a “buy” rating in a research note on Thursday, August 21st. BMO Capital Markets lifted their price target on shares of Dollarama from C$215.00 to C$222.00 in a research note on Wednesday, December 3rd. Finally, National Bankshares increased their price objective on shares of Dollarama from C$214.00 to C$226.00 and gave the stock an “outperform” rating in a research report on Friday. Two equities research 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 company. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of C$216.15.

Read Our Latest Report on DOL

Dollarama Price Performance

DOL stock traded up C$3.49 during mid-day trading on Friday, hitting C$200.98. The company had a trading volume of 432,359 shares, compared to its average volume of 620,191. The company has a market capitalization of C$55.52 billion, a price-to-earnings ratio of 44.56, a P/E/G ratio of 1.93 and a beta of 0.10. Dollarama has a 12-month low of C$132.37 and a 12-month high of C$209.96. The company has a 50-day moving average price of C$188.86 and a 200 day moving average price of 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 earnings results on Thursday, December 11th. The company reported C$1.17 earnings per share for the quarter. Dollarama had a net margin of 17.85% and a return on equity of 135.38%. The firm had revenue of C$1.91 billion during the quarter. On average, research analysts anticipate that Dollarama will post 5.3295203 earnings per share for the current 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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