Royal Bank Of Canada Raises Dollarama (TSE:DOL) Price Target to C$225.00

Dollarama (TSE:DOL) had its price objective boosted by research analysts at Royal Bank Of Canada from C$220.00 to C$225.00 in a research report issued to clients and investors on Friday,BayStreet.CA reports. The brokerage currently has an “outperform” rating on the stock. Royal Bank Of Canada’s target price would suggest a potential upside of 11.95% from the company’s previous close.

Several other equities analysts also recently issued reports on the stock. Sanford C. Bernstein increased their price objective on shares of Dollarama from C$223.00 to C$232.00 in a report on Friday. Desjardins set a C$205.00 price objective on Dollarama and gave the stock a “buy” rating in a research note on Thursday, August 21st. TD Securities lifted their price target on Dollarama from C$210.00 to C$235.00 and gave the stock a “buy” rating in a research note on Friday. National Bankshares increased their price objective on Dollarama from C$214.00 to C$226.00 and gave the company an “outperform” rating in a research note on Friday. Finally, CIBC upped their target price on shares of Dollarama from C$199.00 to C$212.00 and gave the stock a “neutral” rating in a report on Friday. 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 company. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of C$216.15.

Dollarama Stock Performance

Dollarama stock traded up C$3.49 during midday trading on Friday, hitting C$200.98. 432,359 shares of the company were exchanged, compared to its average volume of 620,191. The firm has a market capitalization of C$55.52 billion, a PE ratio of 44.56, a price-to-earnings-growth ratio of 1.93 and a beta of 0.10. Dollarama has a fifty-two week low of C$132.37 and a fifty-two week high of C$209.96. The business has a fifty day simple moving average of C$188.86 and a two-hundred day simple moving average of C$188.24. The company has a debt-to-equity ratio of 369.36, a quick ratio of 0.08 and a current ratio of 1.43.

Dollarama (TSE:DOL) last announced its quarterly earnings results 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 net margin of 17.85% and a return on equity of 135.38%. On average, sell-side analysts forecast that Dollarama will post 5.3295203 earnings per share for the current 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.