BMO Capital Markets Increases Dollarama (TSE:DOL) Price Target to C$222.00

Dollarama (TSE:DOL) had its target price upped by equities research analysts at BMO Capital Markets from C$215.00 to C$222.00 in a research note issued on Wednesday,BayStreet.CA reports. BMO Capital Markets’ target price indicates a potential upside of 10.96% from the stock’s current price.

Other analysts have also recently issued reports about the company. Canaccord Genuity Group cut 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 dropped their price objective on Dollarama from C$204.00 to C$199.00 and set a “neutral” rating on the stock in a report on Thursday, August 28th. Scotiabank cut their target price on Dollarama from C$210.00 to C$205.00 and set an “outperform” rating on the stock in a research report on Thursday, August 28th. National Bankshares lowered their price target on Dollarama from C$213.00 to C$203.00 and set an “outperform” rating for the company in a report on Thursday, August 28th. Finally, Royal Bank Of Canada increased their price target on shares of Dollarama from C$212.00 to C$220.00 and gave the company an “outperform” rating in a research note on Friday, November 28th. Two analysts have rated the stock with a Strong Buy rating, six have issued a Buy rating and three have issued a Hold rating to the company’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of C$208.50.

Dollarama Trading Up 1.3%

Shares of TSE:DOL opened at C$200.08 on Wednesday. Dollarama has a 52 week low of C$132.37 and a 52 week high of C$204.35. The company’s 50 day moving average is C$187.19 and its two-hundred day moving average is C$187.25. The company has a market cap of C$55.27 billion, a PE ratio of 44.36, a P/E/G ratio of 1.93 and a beta of 0.06. The company has a current ratio of 1.43, a quick ratio of 0.08 and a debt-to-equity ratio of 369.36.

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.