Dollarama (TSE:DOL) Price Target Cut to C$227.00 by Analysts at Sanford C. Bernstein

Dollarama (TSE:DOL) had its price objective lowered by equities researchers at Sanford C. Bernstein from C$232.00 to C$227.00 in a research report issued on Tuesday,BayStreet.CA reports. Sanford C. Bernstein’s price target suggests a potential upside of 30.84% from the company’s current price.

A number of other equities analysts have also commented on DOL. Scotiabank lowered their price target on shares of Dollarama from C$220.00 to C$200.00 in a research report on Wednesday, March 25th. UBS Group lowered their price target on shares of Dollarama from C$210.00 to C$191.00 in a research report on Wednesday, March 25th. Royal Bank Of Canada lowered their price target on shares of Dollarama from C$225.00 to C$223.00 in a research report on Wednesday, March 25th. National Bank Financial lowered their price target on shares of Dollarama from C$225.00 to C$198.00 and set an “outperform” rating on the stock in a research report on Wednesday, March 25th. Finally, Canadian Imperial Bank of Commerce raised shares of Dollarama from a “hold” rating to an “outperform” rating and lowered their price target for the stock from C$212.00 to C$202.00 in a research report on Wednesday, March 25th. One analyst has rated the stock with a Strong Buy rating, seven have issued a Buy rating and two have given a Hold rating to the company. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of C$203.31.

Dollarama Stock Performance

TSE:DOL traded down C$0.27 during mid-day trading on Tuesday, reaching C$173.50. 232,713 shares of the company’s stock were exchanged, compared to its average volume of 709,741. Dollarama has a one year low of C$162.89 and a one year high of C$209.96. The firm has a market capitalization of C$47.23 billion, a PE ratio of 36.68, a price-to-earnings-growth ratio of 1.93 and a beta of 0.40. The business’s fifty day simple moving average is C$180.03 and its two-hundred day simple moving average is C$189.69. The company has a debt-to-equity ratio of 370.61, a quick ratio of 0.08 and a current ratio of 1.13.

Dollarama (TSE:DOL) last released its quarterly earnings results on Tuesday, March 24th. The company reported C$1.43 EPS for the quarter. Dollarama had a net margin of 18.05% and a return on equity of 94.71%. The business had revenue of C$2.10 billion for the quarter. Analysts anticipate that Dollarama will post 5.3295203 earnings per share for the current fiscal year.

About Dollarama

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. The company’s stores are throughout Canada, generally located in convenient locations, such as metropolitan areas, midsize cities, and small towns.