Analysts Set Dollarama Inc. (TSE:DOL) PT at C$201.00

Dollarama Inc. (TSE:DOL) has been given a consensus rating of “Moderate Buy” by the twelve research firms that are presently covering the company, MarketBeat.com reports. Four equities research analysts have rated the stock with a hold rating, six have assigned a buy rating and two have given a strong buy rating to the company. The average 1 year target price among brokerages that have issued a report on the stock in the last year is C$201.00.

DOL has been the subject of several recent analyst reports. Desjardins set a C$205.00 price objective on Dollarama and gave the stock a “buy” rating in a report on Thursday, August 21st. Royal Bank Of Canada upped their target price on Dollarama from C$207.00 to C$212.00 and gave the stock an “outperform” rating in a research note on Tuesday, August 26th. Scotiabank cut their target price on Dollarama from C$210.00 to C$205.00 and set an “outperform” rating for the company in a research note on Thursday, August 28th. CIBC cut their target price on Dollarama from C$204.00 to C$199.00 and set a “neutral” rating for the company in a research note on Thursday, August 28th. Finally, National Bankshares cut their target price on Dollarama from C$213.00 to C$203.00 and set an “outperform” rating for the company in a research note on Thursday, August 28th.

Dollarama Trading Up 0.8%

Shares of DOL opened at C$183.20 on Friday. Dollarama has a twelve month low of C$132.37 and a twelve month high of C$198.66. The company has a quick ratio of 0.08, a current ratio of 1.43 and a debt-to-equity ratio of 369.36. The stock has a market cap of C$50.61 billion, a PE ratio of 40.62, a P/E/G ratio of 1.93 and a beta of 0.05. The business’s 50-day moving average price is C$186.01 and its 200-day moving average price is C$181.60.

Dollarama Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, November 7th. Shareholders of record on Friday, November 7th will be given a $0.1058 dividend. The ex-dividend date is Friday, October 10th. This represents a $0.42 annualized dividend and a yield of 0.2%. Dollarama’s payout ratio is presently 8.77%.

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.