National Bank Financial Raises Dollarama (TSE:DOL) Price Target to C$203.00

Dollarama (TSE:DOL) had its target price upped by stock analysts at National Bank Financial from C$198.00 to C$203.00 in a research report issued on Monday,BayStreet.CA reports. The brokerage presently has an “outperform” rating on the stock. National Bank Financial’s price objective would indicate a potential upside of 14.72% from the company’s current price.

Other equities analysts have also recently issued research reports about the stock. Stifel Nicolaus raised shares of Dollarama from a “hold” rating to a “buy” rating and raised their price target for the company from C$180.00 to C$190.00 in a research report on Tuesday, May 5th. Sanford C. Bernstein decreased their price target on shares of Dollarama from C$232.00 to C$227.00 in a research report on Tuesday, May 12th. Jefferies Financial Group decreased their price target on shares of Dollarama from C$235.00 to C$200.00 in a research report on Wednesday, March 25th. BMO Capital Markets decreased their price target on shares of Dollarama from C$222.00 to C$210.00 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 decreased their price target for the company 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 assigned a Buy rating and two have issued a Hold rating to the company. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of C$203.69.

Dollarama Trading Up 0.4%

Shares of DOL stock traded up C$0.65 during trading on Monday, hitting C$176.95. 263,856 shares of the stock traded hands, compared to its average volume of 716,163. The firm has a market capitalization of C$48.17 billion, a P/E ratio of 37.41, a price-to-earnings-growth ratio of 1.93 and a beta of 0.40. The company has a debt-to-equity ratio of 370.61, a current ratio of 1.13 and a quick ratio of 0.08. The firm’s fifty day moving average price is C$173.79 and its 200-day moving average price is C$188.80. Dollarama has a 52-week low of C$166.00 and a 52-week high of C$209.96.

Dollarama (TSE:DOL) last posted its earnings results on Tuesday, March 24th. The company reported C$1.43 earnings per share for the quarter. Dollarama had a net margin of 18.05% and a return on equity of 94.71%. The firm had revenue of C$2.10 billion during the quarter. As a group, research analysts forecast 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.