Royal Bank Of Canada Analysts Give Dollarama (TSE:DOL) a C$225.00 Price Target

Royal Bank Of Canada set a C$225.00 target price on Dollarama (TSE:DOL) in a report published on Monday morning,BayStreet.CA reports. The brokerage currently has an outperform rating on the stock.

A number of other equities analysts also recently weighed in on the stock. Scotiabank boosted their target price on shares of Dollarama from C$205.00 to C$220.00 and gave the stock an “outperform” rating in a report on Friday, December 12th. TD Securities lifted their price objective on shares of Dollarama from C$210.00 to C$235.00 and gave the company a “buy” rating in a research report on Friday, December 12th. Canadian Imperial Bank of Commerce boosted their price objective on shares of Dollarama from C$199.00 to C$212.00 and gave the stock a “neutral” rating in a research note on Friday, December 12th. National Bank Financial dropped their target price on shares of Dollarama from C$226.00 to C$225.00 and set an “outperform” rating on the stock in a report on Friday, March 6th. Finally, Canaccord Genuity Group raised their target price on shares of Dollarama from C$198.00 to C$207.00 in a research note on Friday, December 12th. One analyst has rated the stock with a Strong Buy rating, six have given a Buy rating and four have issued a Hold rating to the stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of C$217.08.

Dollarama Trading Down 2.8%

Shares of Dollarama stock opened at C$189.60 on Monday. The stock has a market cap of C$51.87 billion, a P/E ratio of 40.34, a P/E/G ratio of 1.93 and a beta of 0.15. The company has a quick ratio of 0.08, a current ratio of 1.09 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’s 50 day moving average is C$194.21 and its 200-day moving average is C$192.29.

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.