Dollarama (TSE:DOL) Price Target Raised to C$156.00 at National Bankshares

Dollarama (TSE:DOL) had its price objective increased by equities researchers at National Bankshares from C$149.00 to C$156.00 in a research report issued to clients and investors on Thursday,BayStreet.CA reports. The brokerage currently has a “sector perform” rating on the stock. National Bankshares’ price objective would suggest a potential upside of 3.06% from the stock’s current price.

Several other equities analysts have also issued reports on the company. TD Securities raised their price objective on Dollarama from C$154.00 to C$160.00 in a report on Thursday, December 5th. Canaccord Genuity Group raised their price target on Dollarama from C$138.00 to C$140.00 and gave the stock a “hold” rating in a report on Thursday, November 28th. Stifel Nicolaus raised their price target on Dollarama from C$136.00 to C$140.00 in a report on Thursday, December 5th. Royal Bank of Canada lowered their price target on Dollarama from C$160.00 to C$159.00 in a report on Thursday, December 5th. Finally, Desjardins raised their price target on Dollarama from C$147.00 to C$150.00 and gave the stock a “buy” rating in a report on Tuesday, December 3rd. Seven research analysts have rated the stock with a hold rating, five have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of C$146.25.

Dollarama Stock Performance

Shares of DOL stock traded up C$0.16 during mid-day trading on Thursday, hitting C$151.37. 97,332 shares of the stock were exchanged, compared to its average volume of 710,276. The stock’s fifty day simple moving average is C$142.99 and its two-hundred day simple moving average is C$141.78. The stock has a market capitalization of C$41.83 billion, a price-to-earnings ratio of 38.55, a P/E/G ratio of 1.93 and a beta of 0.56. Dollarama has a 12-month low of C$100.30 and a 12-month high of C$156.25. The company has a debt-to-equity ratio of 369.36, a quick ratio of 0.08 and a current ratio of 1.43.

Insider Activity

In related news, Director Nicolas Hien sold 9,000 shares of Dollarama stock in a transaction on Monday, January 6th. The shares were sold at an average price of C$139.60, for a total transaction of C$1,256,386.50. Corporate insiders own 2.23% of the company’s stock.

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.