Dollarama (TSE:DOL) Price Target Raised to C$196.00 at UBS Group

Dollarama (TSE:DOL) had its price target raised by equities research analysts at UBS Group from C$165.00 to C$196.00 in a note issued to investors on Thursday,BayStreet.CA reports. UBS Group’s target price would indicate a potential upside of 1.17% from the company’s previous close.

Several other equities analysts have also weighed in on the company. CIBC increased their price objective on Dollarama from C$145.00 to C$174.00 in a report on Friday, April 4th. National Bankshares raised Dollarama from a “sector perform” rating to an “outperform” rating and increased their price objective for the company from C$156.00 to C$166.00 in a report on Friday, March 28th. Scotiabank increased their price objective on Dollarama from C$150.00 to C$175.00 in a report on Friday, April 4th. Stifel Nicolaus increased their price objective on Dollarama from C$140.00 to C$162.00 in a report on Friday, April 4th. Finally, National Bank Financial raised Dollarama from a “hold” rating to a “strong-buy” rating in a report on Thursday, March 27th. Four equities research analysts have rated the stock with a hold rating, six have issued a buy rating and two have given a strong buy rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of C$186.36.

Dollarama Stock Performance

DOL stock opened at C$193.74 on Thursday. The firm has a market cap of C$53.54 billion, a PE ratio of 49.34, a P/E/G ratio of 1.93 and a beta of 0.56. 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 business has a 50 day moving average of C$171.10 and a 200-day moving average of C$153.25. Dollarama has a 12-month low of C$119.88 and a 12-month high of C$196.46.

Insider Transactions at Dollarama

In related news, Director Nicolas Hien sold 4,131 shares of the stock in a transaction on Friday, June 13th. The stock was sold at an average price of C$192.31, for a total value of C$794,433.02. Also, Senior Officer Mark Di Pesa sold 1,350 shares of the stock in a transaction on Wednesday, April 23rd. The stock was sold at an average price of C$173.51, for a total value of C$234,234.45. Insiders sold 33,481 shares of company stock valued at $5,508,667 over the last three months. Company insiders own 2.23% of the company’s stock.

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.