Desjardins Issues Pessimistic Forecast for Dollarama (TSE:DOL) Stock Price

Dollarama (TSE:DOLGet Free Report) had its price objective lowered by Desjardins from C$218.00 to C$205.00 in a research note issued to investors on Wednesday,BayStreet.CA reports. The brokerage presently has a “buy” rating on the stock. Desjardins’ price target points to a potential upside of 21.42% from the company’s previous close.

A number of other analysts also recently issued reports on DOL. Scotiabank lifted 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. Sanford C. Bernstein upped their price objective on shares of Dollarama from C$223.00 to C$232.00 in a research report on Friday, December 12th. BMO Capital Markets lifted their target price on shares of Dollarama from C$215.00 to C$222.00 in a research report on Wednesday, December 3rd. Wells Fargo & Company boosted their price target on shares of 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. Finally, Canaccord Genuity Group decreased their price target on shares of Dollarama from C$207.00 to C$187.00 in a report on Wednesday. One equities research analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating and three have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of C$202.92.

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Dollarama Trading Down 1.8%

Shares of DOL stock opened at C$168.84 on Wednesday. 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 52-week low of C$147.00 and a 52-week high of C$209.96. The company has a market capitalization of C$46.19 billion, a PE ratio of 35.92, a price-to-earnings-growth ratio of 1.93 and a beta of 0.15. The business’s fifty day moving average is C$191.42 and its 200 day moving average is C$191.81.

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

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Dollarama Company Profile

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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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