Dollarama (TSE:DOL) Stock Price Expected to Rise, TD Securities Analyst Says

Dollarama (TSE:DOL) had its target price upped by stock analysts at TD Securities from C$185.00 to C$210.00 in a research report issued to clients and investors on Thursday,BayStreet.CA reports. The firm currently has a “buy” rating on the stock. TD Securities’ price objective would indicate a potential upside of 8.39% from the company’s current price.

Several other research firms also recently issued reports on DOL. National Bank Financial raised Dollarama from a “hold” rating to a “strong-buy” rating in a research note on Thursday, March 27th. UBS Group lifted their price target on Dollarama from C$165.00 to C$196.00 in a research note on Thursday. Jefferies Financial Group lifted their price target on Dollarama from C$180.00 to C$223.00 in a research note on Thursday. Scotiabank raised their price objective on Dollarama from C$175.00 to C$210.00 in a report on Thursday. Finally, Canaccord Genuity Group raised their price objective on Dollarama from C$168.00 to C$178.00 in a report on Thursday, June 5th. Four equities research analysts have rated the stock with a hold rating, six have assigned a buy rating and two have issued a strong buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of C$186.36.

Dollarama Stock Performance

Shares of Dollarama stock opened at C$193.74 on Thursday. The stock’s fifty day simple moving average is C$171.10 and its 200 day simple moving average is C$153.25. Dollarama has a 12 month low of C$119.88 and a 12 month high of C$196.46. The company has a market capitalization of C$53.54 billion, a PE ratio of 49.34, a PEG ratio of 1.93 and a beta of 0.56. The company has a current ratio of 1.43, a quick ratio of 0.08 and a debt-to-equity ratio of 369.36.

Insiders Place Their Bets

In other news, Senior Officer Geoffrey Peter Robillard sold 28,000 shares of Dollarama stock in a transaction that occurred on Friday, April 11th. The shares were sold at an average price of C$160.00, for a total value of C$4,480,000.00. Also, Senior Officer Mark Di Pesa sold 1,350 shares of Dollarama stock in a transaction that occurred on Wednesday, April 23rd. The shares were sold at an average price of C$173.51, for a total transaction of C$234,234.45. Insiders sold 33,481 shares of company stock worth $5,508,667 over the last three months. Insiders own 2.23% of the company’s stock.

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.