National Bank Financial Raises Dollarama (TSE:DOL) Price Target to C$203.00

Dollarama (TSE:DOL) had its price target upped by equities researchers at National Bank Financial from C$198.00 to C$203.00 in a report released on Monday,BayStreet.CA reports. The firm presently has an “outperform” rating on the stock. National Bank Financial’s price target suggests a potential upside of 14.72% from the stock’s current price.

A number of other brokerages have also weighed in on DOL. Scotiabank decreased their price target on shares of Dollarama from C$220.00 to C$200.00 in a research note on Wednesday, March 25th. Wells Fargo & Company decreased their price target on shares of Dollarama from C$195.00 to C$185.00 in a research note on Wednesday, March 25th. Desjardins decreased their price target on shares of Dollarama from C$218.00 to C$205.00 and set a “buy” rating on the stock in a research note on Wednesday, March 25th. BMO Capital Markets decreased their price target on shares of Dollarama from C$222.00 to C$210.00 in a research note on Wednesday, March 25th. Finally, Sanford C. Bernstein decreased their price target on shares of Dollarama from C$232.00 to C$227.00 in a research note on Tuesday, May 12th. One research analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating and two have assigned a Hold rating to the stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of C$203.69.

Dollarama Price Performance

Shares of DOL stock traded up C$0.65 during mid-day trading on Monday, hitting C$176.95. 263,856 shares of the stock were exchanged, compared to its average volume of 716,163. The firm has a fifty day moving average of C$173.79 and a 200 day moving average of C$188.80. The company has a quick ratio of 0.08, a current ratio of 1.13 and a debt-to-equity ratio of 370.61. Dollarama has a 52-week low of C$166.00 and a 52-week high of C$209.96. The company has a market cap of C$48.17 billion, a PE ratio of 37.41, a price-to-earnings-growth ratio of 1.93 and a beta of 0.40.

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