Canaccord Genuity Group Has Lowered Expectations for Dollarama (TSE:DOL) Stock Price

Dollarama (TSE:DOLGet Free Report) had its target price lowered by research analysts at Canaccord Genuity Group from C$207.00 to C$187.00 in a research report issued on Wednesday,BayStreet.CA reports. Canaccord Genuity Group’s price objective would indicate a potential upside of 10.76% from the stock’s current price.

Other analysts have also recently issued reports about the stock. Royal Bank Of Canada set a C$225.00 price objective on shares of Dollarama and gave the company an “outperform” rating in a research note on Monday, March 16th. Sanford C. Bernstein increased their target price on Dollarama from C$223.00 to C$232.00 in a research report on Friday, December 12th. Desjardins set a C$218.00 target price on Dollarama and gave the company a “buy” rating in a report on Monday, March 16th. Scotiabank boosted their price target on Dollarama from C$205.00 to C$220.00 and gave the company an “outperform” rating in a research report on Friday, December 12th. Finally, Wells Fargo & Company upped their price target on Dollarama from C$185.00 to C$195.00 and gave the stock an “equal weight” rating in a research note on Friday, December 12th. One investment analyst has rated the stock with a Strong Buy rating, seven have assigned a Buy rating and three have given a Hold rating to the stock. Based on data from MarketBeat, Dollarama has a consensus rating of “Moderate Buy” and an average target price of C$202.92.

View Our Latest Stock Report on Dollarama

Dollarama Price Performance

Dollarama stock opened at C$168.84 on Wednesday. Dollarama has a 1 year low of C$147.00 and a 1 year high of C$209.96. The firm has a 50 day moving average price of C$191.42 and a 200 day moving average price of C$191.81. The company has a market cap of C$46.19 billion, a price-to-earnings ratio of 35.92, a PEG ratio of 1.93 and a beta of 0.15. The company has a debt-to-equity ratio of 370.61, a quick ratio of 0.08 and a current ratio of 1.13.

Dollarama (TSE:DOLGet Free Report) last issued its quarterly earnings results on Tuesday, March 24th. The company reported C$1.43 EPS for the quarter. The firm had revenue of C$2.10 billion during the quarter. Dollarama had a net margin of 18.05% and a return on equity of 94.71%. Sell-side analysts predict that Dollarama will post 5.3295203 earnings per share for the current year.

Key Stories Impacting Dollarama

Here are the key news stories impacting Dollarama this week:

Dollarama Company Profile

(Get Free Report)

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.

Read More

Analyst Recommendations for Dollarama (TSE:DOL)

Receive News & Ratings for Dollarama Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Dollarama and related companies with MarketBeat.com's FREE daily email newsletter.