Dollarama (TSE:DOL) Shares Cross Above Two Hundred Day Moving Average – Here’s What Happened

Dollarama Inc. (TSE:DOL) shares crossed above its two hundred day moving average during trading on Wednesday . The stock has a two hundred day moving average of C$191.69 and traded as high as C$195.84. Dollarama shares last traded at C$195.75, with a volume of 528,631 shares traded.

Analysts Set New Price Targets

A number of research analysts have weighed in on DOL shares. TD Securities raised their target price on shares of Dollarama from C$210.00 to C$235.00 and gave the stock a “buy” rating in a research note on Friday, December 12th. Sanford C. Bernstein boosted their price objective on Dollarama from C$223.00 to C$232.00 in a research note on Friday, December 12th. Jefferies Financial Group raised their target price on Dollarama from C$223.00 to C$235.00 in a research note on Friday, December 12th. Scotiabank raised their price objective on shares of Dollarama from C$205.00 to C$220.00 and gave the stock an “outperform” rating in a research report on Friday, December 12th. Finally, Canaccord Genuity Group increased their price target on shares of Dollarama from C$198.00 to C$207.00 in a research note on Friday, December 12th. One investment analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating and four have assigned a Hold rating to the stock. According to data from MarketBeat.com, Dollarama presently has a consensus rating of “Moderate Buy” and a consensus target price of C$216.15.

Dollarama Stock Performance

The company has a quick ratio of 0.08, a current ratio of 1.43 and a debt-to-equity ratio of 369.36. The firm has a 50-day moving average price of C$196.70 and a 200 day moving average price of C$191.69. The firm has a market capitalization of C$53.55 billion, a PE ratio of 41.65, a price-to-earnings-growth ratio of 1.93 and a beta of -0.07.

Dollarama (TSE:DOL) last posted its quarterly earnings data on Thursday, December 11th. The company reported C$1.17 EPS for the quarter. The business had revenue of C$1.91 billion during the quarter. Dollarama had a net margin of 17.85% and a return on equity of 135.38%. Research analysts expect that Dollarama Inc. will post 5.3295203 earnings per share for the current year.

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. The company’s stores are throughout Canada, generally located in convenient locations, such as metropolitan areas, midsize cities, and small towns.