UBS Group Raises Dollarama (TSE:DOL) Price Target to C$165.00

Dollarama (TSE:DOL) had its price objective boosted by UBS Group from C$147.00 to C$165.00 in a research note published on Friday,BayStreet.CA reports.

DOL has been the subject of several other research reports. Desjardins raised their price objective on shares of Dollarama from C$150.00 to C$160.00 and gave the stock a “buy” rating in a research report on Wednesday, April 2nd. CIBC raised their target price on Dollarama from C$138.00 to C$145.00 in a report on Thursday, December 5th. BMO Capital Markets boosted their price target on shares of Dollarama from C$154.00 to C$160.00 in a report on Friday, March 14th. Royal Bank of Canada reduced their price objective on Dollarama from C$160.00 to C$159.00 in a research note on Thursday, December 5th. Finally, Stifel Nicolaus boosted their target price on Dollarama from C$136.00 to C$140.00 in a research note on Thursday, December 5th. Six research analysts have rated the stock with a hold rating, six have issued a buy rating and two have given a strong buy rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of C$163.31.

Dollarama Trading Down 3.7 %

TSE DOL opened at C$154.03 on Friday. The firm has a market capitalization of C$42.57 billion, a PE ratio of 39.23, a price-to-earnings-growth ratio of 1.93 and a beta of 0.56. The business’s 50-day moving average price is C$146.75 and its two-hundred day moving average price is C$143.44. The company has a current ratio of 1.43, a quick ratio of 0.08 and a debt-to-equity ratio of 369.36. Dollarama has a 12 month low of C$107.80 and a 12 month high of C$174.22.

Dollarama Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, May 9th. Shareholders of record on Friday, May 9th will be paid a $0.1058 dividend. This is an increase from Dollarama’s previous quarterly dividend of $0.09. This represents a $0.42 dividend on an annualized basis and a yield of 0.27%. The ex-dividend date is Friday, April 18th. Dollarama’s dividend payout ratio is currently 9.42%.

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.