Scotiabank Lowers Dollarama (TSE:DOL) Price Target to C$210.00

Dollarama (TSE:DOL) had its target price dropped by analysts at Scotiabank from C$220.00 to C$210.00 in a note issued to investors on Monday, BayStreet reports. Scotiabank’s target price would indicate a potential upside of 17.84% from the stock’s current price.

DOL has been the topic of several other research reports. Ventum Financial set a C$225.00 price target on shares of Dollarama and gave the stock a “buy” rating in a report on Tuesday, September 8th. Desjardins dropped their price objective on shares of Dollarama from C$215.00 to C$210.00 and set a “buy” rating on the stock in a report on Thursday. Stifel Nicolaus increased their price objective on shares of Dollarama from C$190.00 to C$215.00 in a research note on Friday, June 12th. Jefferies Financial Group raised their target price on shares of Dollarama from C$200.00 to C$230.00 in a report on Friday, June 12th. Finally, TD decreased their target price on shares of Dollarama from C$227.00 to C$217.00 and set a “buy” rating for the company in a research report on Thursday. Ten equities research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of C$215.12.

Dollarama Stock Performance

Shares of TSE DOL traded up C$4.03 during midday trading on Monday, reaching C$178.21. The company had a trading volume of 432,916 shares, compared to its average volume of 710,218. Dollarama has a 1 year low of C$163.25 and a 1 year high of C$209.96. The business’s 50-day simple moving average is C$183.37 and its 200 day simple moving average is C$181.49. The company has a current ratio of 1.55, a quick ratio of 0.08 and a debt-to-equity ratio of 399.63. The stock has a market cap of C$47.83 billion, a P/E ratio of 35.79, a P/E/G ratio of 1.93 and a beta of 0.26.

Dollarama (TSE:DOL) last announced its quarterly earnings data on Wednesday, September 16th. The company reported C$1.29 earnings per share for the quarter. The firm had revenue of C$2.03 billion for the quarter. Dollarama had a net margin of 17.32% and a return on equity of 97.52%. On average, analysts forecast that Dollarama will post 5.3295203 earnings per share for the current fiscal year.

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