Dollarama (TSE:DOL) Given a C$223.00 Price Target at Royal Bank Of Canada

Dollarama (TSE:DOL) received a C$223.00 price objective from investment analysts at Royal Bank Of Canada in a report released on Tuesday, BayStreet reports. The firm currently has an “outperform” rating on the stock. Royal Bank Of Canada’s price target would suggest a potential upside of 27.29% from the stock’s previous close.

A number of other analysts also recently issued reports on the stock. Scotiabank raised their price target on shares of Dollarama from C$200.00 to C$220.00 in a report on Friday, June 12th. BMO Capital Markets lifted their target price on Dollarama from C$210.00 to C$221.00 in a research report on Friday, June 12th. Sanford C. Bernstein decreased their target price on shares of Dollarama from C$232.00 to C$227.00 in a research report on Tuesday, May 12th. TD lifted their target price on shares of Dollarama from C$225.00 to C$227.00 and gave the company a “buy” rating in a report on Friday, June 12th. Finally, Stifel Nicolaus increased their price target on shares of Dollarama from C$190.00 to C$215.00 in a research report on Friday, June 12th. One analyst has rated the stock with a Strong Buy rating, ten have given a Buy rating and one has given a Hold rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of “Buy” and a consensus target price of C$216.56.

Dollarama Trading Up 0.1%

Shares of DOL traded up C$0.12 during midday trading on Tuesday, reaching C$175.19. The company had a trading volume of 221,239 shares, compared to its average volume of 696,409. Dollarama has a 1-year low of C$166.00 and a 1-year high of C$209.96. The stock has a market cap of C$47.44 billion, a PE ratio of 36.05, a price-to-earnings-growth ratio of 1.93 and a beta of 0.33. The firm has a 50 day simple moving average of C$187.63 and a 200-day simple moving average of C$183.66. The company has a quick ratio of 0.08, a current ratio of 1.57 and a debt-to-equity ratio of 451.20.

Dollarama (TSE:DOL) last announced its quarterly earnings results on Thursday, June 11th. The company reported C$1.11 earnings per share for the quarter. Dollarama had a net margin of 17.65% and a return on equity of 95.90%. The firm had revenue of C$1.85 billion for the quarter. Research analysts forecast that Dollarama will post 5.3295203 EPS for the current fiscal 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.