National Bankshares Forecasts Strong Price Appreciation for Dollarama (TSE:DOL) Stock

Dollarama (TSE:DOL) had its target price upped by equities research analysts at National Bankshares from C$203.00 to C$214.00 in a research report issued to clients and investors on Thursday,BayStreet.CA reports. The firm currently has an “outperform” rating on the stock. National Bankshares’ price objective would indicate a potential upside of 6.41% from the stock’s current price.

Several other equities analysts have also recently weighed in on the company. Desjardins set a C$205.00 price target on Dollarama and gave the company a “buy” rating in a research report on Thursday, August 21st. CIBC cut their target price on Dollarama from C$204.00 to C$199.00 and set a “neutral” rating for the company in a research note on Thursday, August 28th. Sanford C. Bernstein lifted their target price on Dollarama from C$220.00 to C$223.00 in a report on Tuesday, November 4th. BMO Capital Markets increased their price target on shares of Dollarama from C$215.00 to C$222.00 in a report on Wednesday. Finally, Canaccord Genuity Group cut their price objective on shares of Dollarama from C$200.00 to C$195.00 and set a “hold” rating for the company in a research report on Thursday, August 28th. Two analysts have rated the stock with a Strong Buy rating, six have issued a Buy rating and three have assigned a Hold rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of C$208.50.

Dollarama Price Performance

DOL opened at C$201.11 on Thursday. Dollarama has a fifty-two week low of C$132.37 and a fifty-two week high of C$204.35. The firm has a 50-day moving average of C$187.52 and a 200 day moving average of C$187.47. The company has a debt-to-equity ratio of 369.36, a quick ratio of 0.08 and a current ratio of 1.43. The firm has a market cap of C$55.55 billion, a P/E ratio of 44.59, a PEG ratio of 1.93 and a beta of 0.10.

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.