Royal Bank Of Canada Forecasts Strong Price Appreciation for Dollarama (TSE:DOL) Stock

Dollarama (TSE:DOL) had its target price lifted by research analysts at Royal Bank Of Canada from C$212.00 to C$220.00 in a research note issued to investors on Friday,BayStreet.CA reports. The brokerage currently has an “outperform” rating on the stock. Royal Bank Of Canada’s target price points to a potential upside of 10.16% from the stock’s current price.

A number of other equities analysts have also weighed in on DOL. Desjardins set a C$205.00 price objective on Dollarama and gave the company a “buy” rating in a research note on Thursday, August 21st. CIBC reduced their price target on Dollarama from C$204.00 to C$199.00 and set a “neutral” rating for the company in a research report on Thursday, August 28th. Scotiabank lowered their price objective 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. National Bankshares cut their target price on shares of Dollarama from C$213.00 to C$203.00 and set an “outperform” rating for the company in a report on Thursday, August 28th. Finally, Sanford C. Bernstein boosted their target price on shares of Dollarama from C$220.00 to C$223.00 in a research note on Tuesday, November 4th. Two analysts have rated the stock with a Strong Buy rating, six have issued a Buy rating and three have issued a Hold rating to the company. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of C$207.00.

Dollarama Stock Performance

Shares of Dollarama stock traded down C$2.76 during trading on Friday, hitting C$199.71. 171,471 shares of the company’s stock were exchanged, compared to its average volume of 622,999. The stock has a market capitalization of C$55.17 billion, a price-to-earnings ratio of 44.28, a PEG ratio of 1.93 and a beta of 0.06. The business has a 50-day simple moving average of C$185.97 and a 200-day simple moving average of C$186.13. Dollarama has a 52-week low of C$132.37 and a 52-week high of C$204.35. The company has a debt-to-equity ratio of 369.36, a quick ratio of 0.08 and a current ratio of 1.43.

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.