Royal Bank Of Canada Issues Positive Forecast for Dollarama (TSE:DOL) Stock Price

Dollarama (TSE:DOL) had its price target increased by stock analysts at Royal Bank Of Canada from C$207.00 to C$212.00 in a research note issued to investors on Tuesday,BayStreet.CA reports. The firm presently has an “outperform” rating on the stock. Royal Bank Of Canada’s price target suggests a potential upside of 9.97% from the company’s current price.

DOL has been the subject of several other research reports. Desjardins set a C$205.00 price target on shares of Dollarama and gave the company a “buy” rating in a research report on Thursday, August 21st. TD Securities upped their target price on shares of Dollarama from C$185.00 to C$210.00 and gave the stock a “buy” rating in a research note on Thursday, June 12th. CIBC increased their target price on shares of Dollarama from C$174.00 to C$204.00 in a research report on Thursday, June 12th. Scotiabank upped their price target on shares of Dollarama from C$175.00 to C$210.00 in a research note on Thursday, June 12th. Finally, UBS Group increased their price target on shares of Dollarama from C$165.00 to C$196.00 in a report on Thursday, June 12th. Two investment analysts have rated the stock with a Strong Buy rating, six have issued a Buy rating and four have assigned a Hold rating to the stock. According to data from MarketBeat.com, Dollarama currently has a consensus rating of “Moderate Buy” and an average target price of C$188.14.

Dollarama Trading Down 0.1%

Shares of TSE:DOL traded down C$0.27 during midday trading on Tuesday, hitting C$192.78. 291,972 shares of the stock traded hands, compared to its average volume of 641,207. Dollarama has a one year low of C$124.99 and a one year high of C$198.66. The stock has a market capitalization of C$53.27 billion, a PE ratio of 49.10, a P/E/G ratio of 1.93 and a beta of 0.56. The business’s 50 day moving average is C$190.82 and its two-hundred day moving average is C$171.55. The company has a quick ratio of 0.08, a current ratio of 1.43 and a debt-to-equity ratio of 369.36.

Insider Buying and Selling

In other news, Director John Assaly sold 9,089 shares of the firm’s stock in a transaction that occurred on Thursday, June 19th. The shares were sold at an average price of C$189.28, for a total transaction of C$1,720,392.28. Following the completion of the sale, the director owned 973 shares of the company’s stock, valued at approximately C$184,172.26. This trade represents a 90.33% decrease in their ownership of the stock. Also, Director Nicolas Hien sold 4,131 shares of the firm’s stock in a transaction on Friday, June 13th. The shares were sold at an average price of C$192.31, for a total value of C$794,433.02. 2.23% of the stock is currently owned by company insiders.

Dollarama Company Profile

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.