BMO Capital Markets Boosts Dollarama (TSE:DOL) Price Target to C$215.00

Dollarama (TSE:DOL) had its price target upped by investment analysts at BMO Capital Markets from C$170.00 to C$215.00 in a research report issued on Thursday,BayStreet.CA reports. BMO Capital Markets’ target price would indicate a potential upside of 10.97% from the stock’s current price.

Several other research firms have also recently issued reports on DOL. Stifel Nicolaus upped their price objective on Dollarama from C$162.50 to C$190.00 in a research report on Thursday. Desjardins lifted their target price on Dollarama from C$165.00 to C$185.00 and gave the stock a “buy” rating in a report on Tuesday. TD Securities raised their price objective on shares of Dollarama from C$160.00 to C$185.00 and gave the stock a “buy” rating in a research note on Friday, April 4th. Royal Bank of Canada lifted their price target on shares of Dollarama from C$149.00 to C$183.00 in a research note on Friday, April 4th. Finally, National Bankshares raised Dollarama from a “sector perform” rating to an “outperform” rating and upped their price target for the stock from C$156.00 to C$166.00 in a research report on Friday, March 28th. Four investment analysts have rated the stock with a hold rating, six have issued a buy rating and two have given a strong buy rating to the company’s stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of C$186.36.

Dollarama Stock Down 0.1%

Shares of TSE:DOL opened at C$193.74 on Thursday. Dollarama has a 1 year low of C$119.88 and a 1 year high of C$196.46. The stock’s 50-day moving average is C$171.10 and its 200 day moving average is C$153.25. The company has a debt-to-equity ratio of 369.36, a current ratio of 1.43 and a quick ratio of 0.08. The company has a market cap of C$53.54 billion, a PE ratio of 49.34, a P/E/G ratio of 1.93 and a beta of 0.56.

Insider Transactions at Dollarama

In related news, Senior Officer Mark Di Pesa sold 1,350 shares of the business’s stock in a transaction dated Wednesday, April 23rd. The stock was sold at an average price of C$173.51, for a total value of C$234,234.45. Also, Senior Officer Geoffrey Peter Robillard sold 28,000 shares of the business’s stock in a transaction that occurred on Friday, April 11th. The stock was sold at an average price of C$160.00, for a total value of C$4,480,000.00. Insiders have sold 33,481 shares of company stock worth $5,508,667 over the last quarter. 2.23% of the stock is currently owned by insiders.

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.