Dollarama (TSE:DOL) Stock Price Expected to Rise, TD Securities Analyst Says

Dollarama (TSE:DOL) had its target price hoisted by equities research analysts at TD Securities from C$210.00 to C$235.00 in a report released on Friday,BayStreet.CA reports. The firm presently has a “buy” rating on the stock. TD Securities’ price target would indicate a potential upside of 16.93% from the stock’s current price.

A number of other research firms also recently weighed in on DOL. National Bankshares boosted their price target on shares of Dollarama from C$203.00 to C$214.00 and gave the stock an “outperform” rating in a research note on Thursday, December 4th. Royal Bank Of Canada lifted their price objective on Dollarama from C$212.00 to C$220.00 and gave the stock an “outperform” rating in a research note on Friday, November 28th. Jefferies Financial Group increased their target price on Dollarama from C$223.00 to C$235.00 in a research note on Friday. CIBC lowered their price target 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, BMO Capital Markets lifted their price objective on shares of Dollarama from C$215.00 to C$222.00 in a research note on Wednesday, December 3rd. Two research analysts have rated the stock with a Strong Buy rating, six have assigned a Buy rating and five have assigned a Hold rating to the stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of C$216.15.

Dollarama Price Performance

Shares of DOL stock traded up C$3.49 during trading hours on Friday, reaching C$200.98. 432,359 shares of the company were exchanged, compared to its average volume of 620,191. Dollarama has a fifty-two week low of C$132.37 and a fifty-two week high of C$209.96. The company has a debt-to-equity ratio of 369.36, a current ratio of 1.43 and a quick ratio of 0.08. The stock’s fifty day moving average is C$188.86 and its two-hundred day moving average is C$188.24. The company has a market cap 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 (TSE:DOL) last posted its quarterly earnings data on Thursday, December 11th. The company reported C$1.17 earnings per share (EPS) for the quarter. The firm had revenue of C$1.91 billion for the quarter. Dollarama had a return on equity of 135.38% and a net margin of 17.85%. Sell-side analysts forecast that Dollarama will post 5.3295203 earnings per share for the current fiscal year.

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.