Dollarama (TSE:DOL) Stock Price Expected to Rise, Royal Bank Of Canada Analyst Says

Dollarama (TSE:DOL) had its price objective hoisted by equities research analysts at Royal Bank Of Canada from C$212.00 to C$220.00 in a report released on Friday,BayStreet.CA reports. The firm currently has an “outperform” rating on the stock. Royal Bank Of Canada’s price target suggests a potential upside of 10.03% from the company’s current price.

Other research analysts also recently issued research reports about the company. Canaccord Genuity Group dropped their price target on Dollarama from C$200.00 to C$195.00 and set a “hold” rating on the stock in a research note on Thursday, August 28th. CIBC lowered their target price on shares of Dollarama from C$204.00 to C$199.00 and set a “neutral” rating on the stock in a research report on Thursday, August 28th. Desjardins set a C$205.00 price target on shares of Dollarama and gave the company a “buy” rating in a research report on Thursday, August 21st. Scotiabank decreased their price target on shares of Dollarama from C$210.00 to C$205.00 and set an “outperform” rating for the company in a research note on Thursday, August 28th. Finally, National Bankshares lowered their target price on Dollarama from C$213.00 to C$203.00 and set an “outperform” rating on the stock in a research note on Thursday, August 28th. Two research analysts have rated the stock with a Strong Buy rating, six have given a Buy rating and three have issued a Hold rating to the stock. According to MarketBeat, Dollarama has a consensus rating of “Moderate Buy” and an average target price of C$207.00.

Dollarama Stock Performance

Shares of DOL stock opened at C$199.95 on Friday. The stock’s 50-day moving average is C$186.18 and its two-hundred day moving average is C$186.52. The company has a debt-to-equity ratio of 369.36, a quick ratio of 0.08 and a current ratio of 1.43. Dollarama has a 1 year low of C$132.37 and a 1 year high of C$204.35. The firm has a market cap of C$55.23 billion, a price-to-earnings ratio of 44.33, a PEG ratio of 1.93 and a beta of 0.06.

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.