Royal Bank Of Canada Issues Pessimistic Forecast for Dollarama (TSE:DOL) Stock Price

Dollarama (TSE:DOLGet Free Report) had its price target decreased by analysts at Royal Bank Of Canada from C$225.00 to C$223.00 in a note issued to investors on Wednesday,BayStreet.CA reports. Royal Bank Of Canada’s price objective suggests a potential upside of 32.08% from the company’s current price.

A number of other brokerages have also recently weighed in on DOL. Scotiabank boosted their price objective on shares of Dollarama from C$205.00 to C$220.00 and gave the stock an “outperform” rating in a research note on Friday, December 12th. Stifel Nicolaus raised their target price on shares of Dollarama from C$190.00 to C$200.00 and gave the company a “hold” rating in a research note on Friday, December 12th. Canaccord Genuity Group dropped their target price on shares of Dollarama from C$207.00 to C$187.00 in a report on Wednesday. TD Securities boosted their target price on shares of Dollarama from C$210.00 to C$235.00 and gave the stock a “buy” rating in a research report on Friday, December 12th. Finally, National Bank Financial decreased their price target on shares of Dollarama from C$226.00 to C$225.00 and set an “outperform” rating for the company in a report on Friday, March 6th. One equities research 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 company. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of C$202.92.

Check Out Our Latest Analysis on Dollarama

Dollarama Stock Performance

Shares of TSE DOL opened at C$168.84 on Wednesday. The business’s 50-day simple moving average is C$191.42 and its 200-day simple moving average is C$191.81. 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 firm has a market cap of C$46.19 billion, a price-to-earnings ratio of 35.92, a P/E/G ratio of 1.93 and a beta of 0.15.

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