Dollarama (TSE:DOL - Free Report) had its price objective raised by Canaccord Genuity Group from C$146.00 to C$168.00 in a report published on Friday morning,BayStreet.CA reports.
Several other analysts have also issued reports on DOL. Royal Bank of Canada boosted their price objective on shares of Dollarama from C$149.00 to C$183.00 in a report on Friday, April 4th. National Bank Financial upgraded shares of Dollarama from a "hold" rating to a "strong-buy" rating in a report on Thursday, March 27th. National Bankshares raised shares of Dollarama from a "sector perform" rating to an "outperform" rating and increased their price objective for the stock from C$156.00 to C$166.00 in a research report on Friday, March 28th. CIBC boosted their target price on Dollarama from C$145.00 to C$174.00 in a research report on Friday, April 4th. Finally, Stifel Nicolaus raised their price target on Dollarama from C$140.00 to C$162.00 in a research report on Friday, April 4th. Six equities research analysts have rated the stock with a hold rating, six have given a buy rating and two have assigned a strong buy rating to the company's stock. According to data from MarketBeat, Dollarama currently has a consensus rating of "Moderate Buy" and an average target price of C$163.31.
Get Our Latest Stock Report on Dollarama
Dollarama Trading Up 1.4 %
Dollarama stock traded up C$2.07 during mid-day trading on Friday, hitting C$151.95. The company's stock had a trading volume of 807,855 shares, compared to its average volume of 774,376. The stock's fifty day moving average is C$147.31 and its two-hundred day moving average is C$143.77. 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 capitalization of C$41.99 billion, a PE ratio of 38.70, a price-to-earnings-growth ratio of 1.93 and a beta of 0.56. Dollarama has a 1 year low of C$107.80 and a 1 year high of C$174.22.
Dollarama Increases Dividend
The company also recently declared a quarterly dividend, which will be paid on Friday, May 9th. Shareholders of record on Friday, May 9th will be issued a dividend of $0.1058 per share. This represents a $0.42 annualized dividend and a yield of 0.28%. The ex-dividend date is Thursday, April 17th. This is a boost from Dollarama's previous quarterly dividend of $0.09. Dollarama's payout ratio is 9.42%.
About Dollarama
(
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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.
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