Royal Bank Of Canada Reiterates “C$223.00” Price Target for Dollarama (TSE:DOL)

Dollarama (TSE:DOL) has been assigned a C$223.00 price target by research analysts at Royal Bank Of Canada in a note issued to investors on Thursday,BayStreet.CA reports. The firm currently has an “outperform” rating on the stock. Royal Bank Of Canada’s target price indicates a potential upside of 25.69% from the stock’s previous close.

A number of other research firms have also recently commented on DOL. Stifel Nicolaus raised shares of Dollarama from a “hold” rating to a “buy” rating and upped their target price for the company from C$180.00 to C$190.00 in a research report on Tuesday, May 5th. Scotiabank decreased their target price on shares of Dollarama from C$220.00 to C$200.00 in a research report on Wednesday, March 25th. BMO Capital Markets decreased their target price on shares of Dollarama from C$222.00 to C$210.00 in a research report on Wednesday, March 25th. TD Securities decreased their target price on shares of Dollarama from C$235.00 to C$225.00 and set a “buy” rating on the stock in a research report on Wednesday, March 25th. Finally, UBS Group decreased their target price on shares of Dollarama from C$210.00 to C$191.00 in a research report on Wednesday, March 25th. One equities research analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating and two have issued a Hold rating to the company’s stock. Based on data from MarketBeat, Dollarama presently has a consensus rating of “Moderate Buy” and a consensus target price of C$203.69.

Dollarama Trading Up 1.3%

Shares of DOL stock traded up C$2.33 on Thursday, hitting C$177.42. 192,512 shares of the stock traded hands, compared to its average volume of 709,034. The firm’s 50-day moving average price is C$173.30 and its two-hundred day moving average price is C$188.46. The company has a debt-to-equity ratio of 370.61, a quick ratio of 0.08 and a current ratio of 1.13. The stock has a market capitalization of C$48.30 billion, a PE ratio of 37.51, a PEG ratio of 1.93 and a beta of 0.40. Dollarama has a twelve month low of C$166.00 and a twelve month high of C$209.96.

Dollarama (TSE:DOL) last announced its quarterly earnings results on Tuesday, March 24th. The company reported C$1.43 earnings per share for the quarter. The firm had revenue of C$2.10 billion for the quarter. Dollarama had a net margin of 18.05% and a return on equity of 94.71%. As a group, analysts anticipate that Dollarama will post 5.3295203 EPS for the current year.

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. The company’s stores are throughout Canada, generally located in convenient locations, such as metropolitan areas, midsize cities, and small towns.