Dollarama (TSE:DOL) Stock Price Expected to Rise, Scotiabank Analyst Says

Dollarama (TSE:DOL) had its target price lifted by stock analysts at Scotiabank from C$175.00 to C$210.00 in a research report issued to clients and investors on Thursday,BayStreet.CA reports. Scotiabank’s price objective points to a potential upside of 8.39% from the stock’s previous close.

A number of other equities analysts have also issued reports on the stock. Desjardins raised their target price on shares of Dollarama from C$165.00 to C$185.00 and gave the stock a “buy” rating in a research report on Tuesday. BMO Capital Markets increased their price target on Dollarama from C$170.00 to C$215.00 in a report on Thursday. CIBC increased their price target on Dollarama from C$174.00 to C$204.00 in a report on Thursday. National Bankshares raised Dollarama from a “sector perform” rating to an “outperform” rating and increased their price target for the stock from C$156.00 to C$166.00 in a report on Friday, March 28th. Finally, National Bank Financial raised Dollarama from a “hold” rating to a “strong-buy” rating in a report on Thursday, March 27th. Four investment analysts have rated the stock with a hold rating, six have given a buy rating and two have issued a strong buy rating to the stock. According to data from MarketBeat.com, Dollarama presently has an average rating of “Moderate Buy” and a consensus price target of C$186.36.

Dollarama Stock Performance

Shares of DOL opened at C$193.74 on Thursday. The company has a current ratio of 1.43, a quick ratio of 0.08 and a debt-to-equity ratio of 369.36. The firm has a market cap of C$53.54 billion, a PE ratio of 49.34, a price-to-earnings-growth ratio of 1.93 and a beta of 0.56. The company’s 50 day simple moving average is C$171.10 and its 200-day simple moving average is C$153.25. Dollarama has a 12-month low of C$119.88 and a 12-month high of C$196.46.

Insiders Place Their Bets

In other news, Senior Officer Geoffrey Peter Robillard sold 28,000 shares of Dollarama stock in a transaction on Friday, April 11th. The stock was sold at an average price of C$160.00, for a total transaction of C$4,480,000.00. Also, Senior Officer Mark Di Pesa sold 1,350 shares of Dollarama 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. In the last ninety days, insiders have sold 33,481 shares of company stock worth $5,508,667. Corporate 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.