Dollarama (TSE:DOL) Given New C$174.00 Price Target at CIBC

Dollarama (TSE:DOL - Get Free Report) had its target price lifted by research analysts at CIBC from C$145.00 to C$174.00 in a note issued to investors on Friday,BayStreet.CA reports. CIBC's price target would indicate a potential upside of 14.51% from the company's current price.

DOL has been the topic of several other reports. BMO Capital Markets raised their price objective on Dollarama from C$154.00 to C$160.00 in a report on Friday, March 14th. Stifel Nicolaus lifted their price target on shares of Dollarama from C$140.00 to C$162.00 in a research note on Friday, April 4th. National Bank Financial upgraded shares of Dollarama from a "hold" rating to a "strong-buy" rating in a research report on Thursday, March 27th. Desjardins lifted their target price on shares of Dollarama from C$150.00 to C$160.00 and gave the company a "buy" rating in a research report on Wednesday, April 2nd. Finally, Scotiabank upped their price target on shares of Dollarama from C$150.00 to C$175.00 in a research report on Friday, April 4th. Six analysts have rated the stock with a hold rating, six have assigned a buy rating and two have assigned a strong buy rating to the company's stock. According to MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and an average price target of C$163.31.

Dollarama Price Performance

Shares of TSE:DOL traded up C$2.07 during trading on Friday, reaching C$151.95. 807,855 shares of the company's stock traded hands, compared to its average volume of 774,376. The company has a quick ratio of 0.08, a current ratio of 1.43 and a debt-to-equity ratio of 369.36. Dollarama has a fifty-two week low of C$107.80 and a fifty-two week high of C$174.22. The company has a 50-day simple moving average of C$147.31 and a 200-day simple moving average of C$143.77. The firm has a market cap of C$41.99 billion, a PE ratio of 38.70, a P/E/G ratio of 1.93 and a beta of 0.56.

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Dollarama Company Profile

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.