Dollarama (TSE:DOL - Get Free Report) had its target price raised by investment analysts at Canaccord Genuity Group from C$140.00 to C$146.00 in a report issued on Tuesday,BayStreet.CA reports. The brokerage presently has a "hold" rating on the stock. Canaccord Genuity Group's price objective suggests a potential downside of 3.74% from the company's previous close.
Several other brokerages have also recently issued reports on DOL. Scotiabank raised Dollarama to a "strong-buy" rating in a research report on Monday, January 20th. UBS Group set a C$147.00 target price on shares of Dollarama and gave the stock a "neutral" rating in a report on Friday, December 13th. TD Securities increased their price target on shares of Dollarama from C$154.00 to C$160.00 in a research report on Thursday, December 5th. BMO Capital Markets lifted their price objective on shares of Dollarama from C$154.00 to C$160.00 in a research report on Friday, March 14th. Finally, Stifel Nicolaus increased their target price on shares of Dollarama from C$136.00 to C$140.00 in a research report on Thursday, December 5th. Six investment analysts have rated the stock with a hold rating, six have issued a buy rating and two have issued a strong buy rating to the company's stock. Based on data from MarketBeat, Dollarama has a consensus rating of "Moderate Buy" and a consensus target price of C$147.00.
Read Our Latest Analysis on Dollarama
Dollarama Stock Up 1.1 %
Shares of DOL traded up C$1.64 during mid-day trading on Tuesday, hitting C$151.68. The company's stock had a trading volume of 665,537 shares, compared to its average volume of 726,147. The firm has a market capitalization of C$41.92 billion, a price-to-earnings ratio of 38.63, a PEG ratio of 1.93 and a beta of 0.56. The company's 50-day moving average is C$144.98 and its 200-day moving average is C$142.53. The company has a current ratio of 1.43, a quick ratio of 0.08 and a debt-to-equity ratio of 369.36. Dollarama has a 52-week low of C$100.30 and a 52-week high of C$156.25.
Insider Activity at Dollarama
In related news, Director Nicolas Hien sold 9,000 shares of the firm's stock in a transaction on Monday, January 6th. The shares were sold at an average price of C$139.60, for a total transaction of C$1,256,386.50. 2.23% of the stock is owned by insiders.
About Dollarama
(
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.
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