Dollarama (TSE:DOL) Given New C$185.00 Price Target at TD Securities

Dollarama (TSE:DOL) had its target price increased by analysts at TD Securities from C$160.00 to C$185.00 in a research report issued to clients and investors on Friday,BayStreet.CA reports. The firm presently has a “buy” rating on the stock. TD Securities’ price target would suggest a potential upside of 19.49% from the company’s previous close.

Several other analysts also recently weighed in on DOL. Stifel Nicolaus lifted their target price on Dollarama from C$140.00 to C$162.00 in a research note on Friday. Canaccord Genuity Group increased their price objective on Dollarama from C$146.00 to C$168.00 in a research report on Friday. BMO Capital Markets upped their price target on shares of Dollarama from C$154.00 to C$160.00 in a research report on Friday, March 14th. National Bankshares raised shares of Dollarama from a “sector perform” rating to an “outperform” rating and boosted their price objective for the company from C$156.00 to C$166.00 in a research report on Friday, March 28th. Finally, National Bank Financial raised Dollarama from a “hold” rating to a “strong-buy” rating in a research note on Thursday, March 27th. Six equities research analysts have rated the stock with a hold rating, six have assigned a buy rating and two have assigned a strong buy rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of C$163.31.

Dollarama Stock Performance

Shares of TSE:DOL traded down C$5.13 during trading on Friday, hitting C$154.82. 659,712 shares of the company traded hands, compared to its average volume of 758,945. Dollarama has a one year low of C$107.80 and a one year high of C$174.22. The stock has a market capitalization of C$42.78 billion, a price-to-earnings ratio of 39.43, a PEG ratio of 1.93 and a beta of 0.56. 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 business’s fifty day moving average is C$146.50 and its 200-day moving average is C$143.32.

Insider Transactions at Dollarama

In other Dollarama news, Director Nicolas Hien sold 9,000 shares of the firm’s stock in a transaction that occurred on Monday, January 6th. The shares were sold at an average price of C$139.60, for a total value of C$1,256,386.50. 2.23% of the stock is owned by corporate 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.