Dollarama (TSE:DOL) Given New C$183.00 Price Target at Royal Bank of Canada

Dollarama (TSE:DOL - Free Report) had its target price upped by Royal Bank of Canada from C$149.00 to C$183.00 in a report released on Friday morning,BayStreet.CA reports.

A number of other analysts have also recently weighed in on DOL. Stifel Nicolaus raised their price target on shares of Dollarama from C$140.00 to C$162.00 in a report on Friday, April 4th. Canaccord Genuity Group raised their target price on shares of Dollarama from C$140.00 to C$146.00 and gave the company a "hold" rating in a research note on Tuesday, March 25th. National Bank Financial raised Dollarama from a "hold" rating to a "strong-buy" rating in a research report on Thursday, March 27th. TD Securities raised their price objective on Dollarama from C$154.00 to C$160.00 in a research report on Thursday, December 5th. Finally, National Bankshares raised Dollarama from a "sector perform" rating to an "outperform" rating and upped their target price for the company from C$156.00 to C$166.00 in a research report on Friday, March 28th. Six research analysts have rated the stock with a hold rating, six have given a buy rating and two have issued a strong buy rating to the company. Based on data from MarketBeat, the company has an average rating of "Moderate Buy" and an average price target of C$163.31.

Dollarama Stock Up 1.4 %

Dollarama stock traded up C$2.07 during mid-day trading on Friday, reaching C$151.95. 807,855 shares of the company were exchanged, compared to its average volume of 774,376. The company has a debt-to-equity ratio of 369.36, a quick ratio of 0.08 and a current ratio of 1.43. The firm has a market cap of C$41.99 billion, a P/E ratio of 38.70, a PEG ratio of 1.93 and a beta of 0.56. The business has a fifty day moving average of C$147.31 and a 200 day moving average of C$143.77. Dollarama has a 12-month low of C$107.80 and a 12-month high of C$174.22.

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Dollarama Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, May 9th. Investors of record on Friday, May 9th will be given a $0.1058 dividend. The ex-dividend date is Thursday, April 17th. This represents a $0.42 dividend on an annualized basis and a yield of 0.28%. This is a positive change from Dollarama's previous quarterly dividend of $0.09. Dollarama's dividend payout ratio is currently 9.42%.

About Dollarama

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.