Dollarama (TSE:DOL) PT Set at C$218.00 by Desjardins

Dollarama (TSE:DOL) has been assigned a C$218.00 price target by equities research analysts at Desjardins in a note issued to investors on Monday,BayStreet.CA reports. The firm presently has a “buy” rating on the stock. Desjardins’ price objective points to a potential upside of 11.73% from the company’s current price.

Other equities analysts also recently issued reports about the company. Royal Bank Of Canada lifted their target price on Dollarama from C$220.00 to C$225.00 and gave the company an “outperform” rating in a research report on Friday, December 12th. Stifel Nicolaus raised their price objective on shares of Dollarama from C$190.00 to C$200.00 and gave the company a “hold” rating in a research note on Friday, December 12th. Canadian Imperial Bank of Commerce lifted their price objective on shares of Dollarama from C$199.00 to C$212.00 and gave the company a “neutral” rating in a report on Friday, December 12th. Sanford C. Bernstein upped their target price on shares of Dollarama from C$223.00 to C$232.00 in a research note on Friday, December 12th. Finally, BMO Capital Markets increased their target price on shares of Dollarama from C$215.00 to C$222.00 in a report on Wednesday, December 3rd. One research analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating and four have given a Hold rating to the company’s stock. According to MarketBeat, Dollarama presently has a consensus rating of “Moderate Buy” and a consensus target price of C$217.08.

Dollarama Price Performance

DOL stock opened at C$195.12 on Monday. The business’s fifty day moving average price is C$194.38 and its 200 day moving average price is C$192.31. Dollarama has a 12-month low of C$147.00 and a 12-month high of C$209.96. The company has a current ratio of 1.09, a quick ratio of 0.08 and a debt-to-equity ratio of 415.13. The company has a market capitalization of C$53.38 billion, a PE ratio of 41.51, a P/E/G ratio of 1.93 and a beta of 0.15.

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