Dollarama (TSE:DOL) Stock Price Expected to Rise, Desjardins Analyst Says

Dollarama (TSE:DOL) had its price target hoisted by equities researchers at Desjardins from C$150.00 to C$160.00 in a research note issued on Wednesday,BayStreet.CA reports. The firm presently has a “buy” rating on the stock. Desjardins’ price objective suggests a potential upside of 0.85% from the company’s current price.

Other analysts have also recently issued reports about the stock. National Bankshares raised shares of Dollarama from a “sector perform” rating to an “outperform” rating and boosted their price objective for the company from C$156.00 to C$166.00 in a research note on Friday, March 28th. TD Securities raised their target price on Dollarama from C$154.00 to C$160.00 in a research note on Thursday, December 5th. Canaccord Genuity Group boosted their price target on Dollarama from C$140.00 to C$146.00 and gave the company a “hold” rating in a report on Tuesday, March 25th. UBS Group set a C$147.00 price target on Dollarama and gave the company a “neutral” rating in a report on Friday, December 13th. Finally, CIBC upped their price target on shares of Dollarama from C$138.00 to C$145.00 in a report on Thursday, December 5th. Six analysts have rated the stock with a hold rating, six have assigned a buy rating and two have assigned a strong buy rating to the stock. According to MarketBeat.com, Dollarama currently has a consensus rating of “Moderate Buy” and a consensus target price of C$147.77.

Dollarama Price Performance

Shares of DOL stock traded up C$4.64 during mid-day trading on Wednesday, reaching C$158.65. The stock had a trading volume of 517,536 shares, compared to its average volume of 724,057. Dollarama has a 12-month low of C$100.32 and a 12-month high of C$158.65. The company has a market cap of C$43.84 billion, a P/E ratio of 40.41, a price-to-earnings-growth ratio of 1.93 and a beta of 0.56. The company has a current ratio of 1.43, a quick ratio of 0.08 and a debt-to-equity ratio of 369.36. The business has a 50-day simple moving average of C$145.70 and a 200 day simple moving average of C$142.96.

Insider Transactions at Dollarama

In related news, Director Nicolas Hien sold 9,000 shares of the firm’s stock in a transaction that occurred 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. Company insiders own 2.23% of the company’s stock.

Dollarama Company Profile

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.