Jefferies Financial Group Issues Pessimistic Forecast for Dollarama (TSE:DOL) Stock Price

Dollarama (TSE:DOLGet Free Report) had its target price lowered by research analysts at Jefferies Financial Group from C$235.00 to C$200.00 in a report released on Wednesday,BayStreet.CA reports. Jefferies Financial Group’s price objective would suggest a potential upside of 18.46% from the stock’s current price.

Several other research analysts have also recently commented on the stock. Stifel Nicolaus upped their target price on shares of Dollarama from C$190.00 to C$200.00 and gave the stock a “hold” rating in a research report on Friday, December 12th. Royal Bank Of Canada set a C$225.00 price target on Dollarama and gave the company an “outperform” rating in a report on Monday, March 16th. Scotiabank increased their price objective on Dollarama from C$205.00 to C$220.00 and gave the stock an “outperform” rating in a report on Friday, December 12th. TD Securities raised their target price on Dollarama from C$210.00 to C$235.00 and gave the company a “buy” rating in a research report on Friday, December 12th. Finally, Desjardins set a C$218.00 target price on Dollarama and gave the company a “buy” rating in a research note on Monday, March 16th. One analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating and three have given a Hold rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of C$202.92.

Read Our Latest Research Report on DOL

Dollarama Stock Performance

Shares of DOL opened at C$168.84 on Wednesday. The firm has a fifty day moving average of C$191.42 and a 200-day moving average of C$191.81. The company has a market cap of C$46.19 billion, a price-to-earnings ratio of 35.92, a price-to-earnings-growth 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 has a 1 year low of C$147.00 and a 1 year high of C$209.96.

Dollarama (TSE:DOLGet Free Report) last released its quarterly earnings data on Tuesday, March 24th. The company reported C$1.43 earnings per share for the quarter. The business had revenue of C$2.10 billion for the quarter. Dollarama had a net margin of 18.05% and a return on equity of 94.71%. As a group, equities analysts anticipate that Dollarama will post 5.3295203 earnings per share for the current year.

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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.

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Analyst Recommendations for Dollarama (TSE:DOL)

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