Dollarama (TSE:DOL) Given a C$218.00 Price Target at Desjardins

Dollarama (TSE:DOL) has been assigned a C$218.00 price objective by equities researchers at Desjardins in a research report issued to clients and investors on Monday,BayStreet.CA reports. The brokerage currently has a “buy” rating on the stock. Desjardins’ target price would suggest a potential upside of 10.14% from the stock’s previous close.

Several other research firms also recently weighed in on DOL. Canaccord Genuity Group raised their target price on shares of Dollarama from C$198.00 to C$207.00 in a report on Friday, December 12th. Jefferies Financial Group increased their price target on shares of Dollarama from C$223.00 to C$235.00 in a research report on Friday, December 12th. Stifel Nicolaus raised their price objective on shares of Dollarama from C$190.00 to C$200.00 and gave the stock a “hold” rating in a research note on Friday, December 12th. Sanford C. Bernstein lifted their price objective on Dollarama from C$223.00 to C$232.00 in a research report on Friday, December 12th. Finally, Canadian Imperial Bank of Commerce upped their target price on Dollarama from C$199.00 to C$212.00 and gave the company a “neutral” rating in a research note on Friday, December 12th. One investment analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating and four have assigned a Hold rating to the company. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of C$217.08.

Dollarama Price Performance

Shares of DOL stock traded up C$3.18 during mid-day trading on Monday, reaching C$197.93. The stock had a trading volume of 186,760 shares, compared to its average volume of 638,430. The company has a market cap of C$54.15 billion, a P/E ratio of 42.11, a price-to-earnings-growth ratio of 1.93 and a beta of 0.15. The company has a current ratio of 1.09, a quick ratio of 0.08 and a debt-to-equity ratio of 415.13. Dollarama has a 12-month low of C$147.00 and a 12-month high of C$209.96. The business has a 50-day simple moving average of C$194.50 and a 200 day simple moving average of C$192.16.

Dollarama (TSE:DOL) last released its quarterly earnings data on Thursday, December 11th. The company reported C$1.17 EPS for the quarter. The business had revenue of C$1.91 billion for the quarter. Dollarama had a net margin of 18.59% and a return on equity of 99.41%. On average, sell-side analysts anticipate 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. The company’s stores are throughout Canada, generally located in convenient locations, such as metropolitan areas, midsize cities, and small towns.