Dollarama Inc. (TSE:DOL) Receives Consensus Recommendation of “Moderate Buy” from Analysts

Dollarama Inc. (TSE:DOL) has been given a consensus rating of “Moderate Buy” by the twelve analysts that are currently covering the stock, MarketBeat reports. Four research analysts have rated the stock with a hold rating, six have issued a buy rating and two have assigned a strong buy rating to the company. The average 12-month target price among brokers that have updated their coverage on the stock in the last year is C$201.23.

Several research firms recently commented on DOL. CIBC cut their target price on shares of Dollarama from C$204.00 to C$199.00 and set a “neutral” rating on the stock in a research report on Thursday, August 28th. Royal Bank Of Canada boosted their price objective on shares of Dollarama from C$207.00 to C$212.00 and gave the stock an “outperform” rating in a research note on Tuesday, August 26th. Sanford C. Bernstein increased their price objective on Dollarama from C$220.00 to C$223.00 in a report on Tuesday, November 4th. National Bankshares lowered their target price on Dollarama from C$213.00 to C$203.00 and set an “outperform” rating for the company in a research report on Thursday, August 28th. Finally, Scotiabank reduced their price target on Dollarama from C$210.00 to C$205.00 and set an “outperform” rating on the stock in a research report on Thursday, August 28th.

Dollarama Stock Down 0.1%

Shares of DOL opened at C$196.43 on Wednesday. The company has a debt-to-equity ratio of 369.36, a quick ratio of 0.08 and a current ratio of 1.43. Dollarama has a 52 week low of C$132.37 and a 52 week high of C$198.66. The stock has a market capitalization of C$54.26 billion, a price-to-earnings ratio of 43.55, a PEG ratio of 1.93 and a beta of 0.06. The stock has a fifty day moving average of C$184.47 and a 200-day moving average of C$184.91.

Dollarama Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, November 7th. Investors of record on Friday, November 7th were issued a $0.1058 dividend. The ex-dividend date was Friday, October 10th. This represents a $0.42 annualized dividend and a yield of 0.2%. Dollarama’s dividend payout ratio is presently 8.77%.

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.