BMO Capital Markets Increases Dollarama (TSE:DOL) Price Target to C$222.00

Dollarama (TSE:DOL) had its price objective hoisted by investment analysts at BMO Capital Markets from C$215.00 to C$222.00 in a report released on Wednesday,BayStreet.CA reports. BMO Capital Markets’ target price would suggest a potential upside of 12.99% from the company’s previous close.

Several other research firms have also issued reports on DOL. Desjardins set a C$205.00 target price on Dollarama and gave the stock a “buy” rating in a report on Thursday, August 21st. National Bankshares dropped their price objective on Dollarama from C$213.00 to C$203.00 and set an “outperform” rating on the stock in a research note on Thursday, August 28th. Canaccord Genuity Group decreased their target price on shares of Dollarama from C$200.00 to C$195.00 and set a “hold” rating for the company in a research note on Thursday, August 28th. Sanford C. Bernstein upped their price target on shares of Dollarama from C$220.00 to C$223.00 in a research report on Tuesday, November 4th. Finally, Royal Bank Of Canada increased their price target on shares of Dollarama from C$212.00 to C$220.00 and gave the company an “outperform” rating in a research note on Friday, November 28th. Two analysts have rated the stock with a Strong Buy rating, six have assigned a Buy rating and three have given a Hold rating to the stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of C$207.58.

Dollarama Stock Down 0.2%

DOL stock traded down C$0.42 during midday trading on Wednesday, hitting C$196.47. The company’s stock had a trading volume of 119,678 shares, compared to its average volume of 620,235. The company’s fifty day moving average price is C$186.63 and its 200 day moving average price is C$187.09. The company has a debt-to-equity ratio of 369.36, a current ratio of 1.43 and a quick ratio of 0.08. Dollarama has a twelve month low of C$132.37 and a twelve month high of C$204.35. The stock has a market capitalization of C$54.27 billion, a P/E ratio of 43.56, a PEG ratio of 1.93 and a beta of 0.06.

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.