UBS Group Cuts Dollarama (TSE:DOL) Price Target to C$190.00

Dollarama (TSE:DOL) had its target price lowered by equities researchers at UBS Group from C$202.00 to C$190.00 in a research note issued to investors on Monday, BayStreet reports. UBS Group’s target price would indicate a potential upside of 12.29% from the stock’s current price.

Several other brokerages also recently issued reports on DOL. Ventum Financial set a C$225.00 price objective on shares of Dollarama and gave the stock a “buy” rating in a research report on Tuesday, September 8th. Bank of America set a C$220.00 target price on Dollarama and gave the company a “buy” rating in a research report on Friday, June 12th. Canaccord Genuity Group lifted their price target on Dollarama from C$187.00 to C$204.00 in a report on Friday, June 12th. Desjardins boosted their price target on Dollarama from C$205.00 to C$215.00 in a research note on Friday, June 12th. Finally, National Bank Financial boosted their price target on Dollarama from C$203.00 to C$209.00 in a research note on Friday, June 12th. One equities research analyst has rated the stock with a Strong Buy rating, ten have issued a Buy rating and one has issued a Hold rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of “Buy” and a consensus price target of C$216.50.

Dollarama Stock Performance

DOL traded up C$2.10 during trading hours on Monday, reaching C$169.21. The company’s stock had a trading volume of 391,502 shares, compared to its average volume of 695,733. The company’s 50-day moving average is C$184.80 and its 200-day moving average is C$182.50. Dollarama has a 52 week low of C$166.00 and a 52 week high of C$209.96. The firm has a market cap of C$45.82 billion, a PE ratio of 34.82, a price-to-earnings-growth ratio of 1.93 and a beta of 0.26. The company has a debt-to-equity ratio of 451.20, a quick ratio of 0.08 and a current ratio of 1.57.

Dollarama (TSE:DOL) last released its quarterly earnings data on Thursday, June 11th. The company reported C$1.11 EPS for the quarter. The firm had revenue of C$1.85 billion for the quarter. Dollarama had a net margin of 17.65% and a return on equity of 95.90%. On average, equities analysts forecast that Dollarama will post 5.3295203 EPS 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. The company’s stores are throughout Canada, generally located in convenient locations, such as metropolitan areas, midsize cities, and small towns.