Dollarama Inc. (TSE:DOL) Receives Consensus Recommendation of “Moderate Buy” from Analysts

Dollarama Inc. (TSE:DOL) has been given an average rating of “Moderate Buy” by the eleven research firms that are covering the company, MarketBeat reports. Three investment analysts have rated the stock with a hold recommendation, six have issued a buy recommendation and two have assigned a strong buy recommendation to the company. The average 1-year target price among analysts that have covered the stock in the last year is C$208.50.

Several equities research analysts have recently weighed in on the stock. Sanford C. Bernstein increased their price objective on shares of Dollarama from C$220.00 to C$223.00 in a research report on Tuesday, November 4th. CIBC cut their price target 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. Royal Bank Of Canada increased their price target on Dollarama from C$212.00 to C$220.00 and gave the stock an “outperform” rating in a report on Friday, November 28th. Scotiabank dropped their price objective on Dollarama from C$210.00 to C$205.00 and set an “outperform” rating on the stock in a research note on Thursday, August 28th. Finally, BMO Capital Markets upped their target price on Dollarama from C$215.00 to C$222.00 in a research report on Wednesday.

Dollarama Stock Performance

TSE:DOL opened at C$201.11 on Friday. 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 fifty-two week low of C$132.37 and a fifty-two week high of C$204.35. The company has a 50 day simple moving average of C$187.52 and a two-hundred day simple moving average of C$187.58. The company has a market capitalization of C$55.55 billion, a PE ratio of 44.59, a P/E/G ratio of 1.93 and a beta of 0.10.

Dollarama Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, November 7th. Shareholders of record on Friday, November 7th were issued a dividend of $0.1058 per share. This represents a $0.42 dividend on an annualized basis and a dividend yield of 0.2%. The ex-dividend date was Friday, October 10th. Dollarama’s dividend payout ratio is presently 8.77%.

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.