Dollarama (TSE:DOL) Upgraded by National Bankshares to Outperform Rating

Dollarama (TSE:DOL - Get Free Report) was upgraded by equities researchers at National Bankshares from a "sector perform" rating to an "outperform" rating in a research note issued on Friday,BayStreet.CA reports. The firm currently has a C$166.00 price objective on the stock, up from their prior price objective of C$156.00. National Bankshares' price target would indicate a potential upside of 7.79% from the stock's current price.

Other equities research analysts have also recently issued research reports about the company. Canaccord Genuity Group increased their price target on Dollarama from C$140.00 to C$146.00 and gave the company a "hold" rating in a research note on Tuesday, March 25th. Canaccord Genuity Group lifted their target price on shares of Dollarama from C$138.00 to C$140.00 and gave the stock a "hold" rating in a report on Thursday, November 28th. Desjardins boosted their price objective on Dollarama from C$147.00 to C$150.00 and gave the stock a "buy" rating in a report on Tuesday, December 3rd. Royal Bank of Canada lowered their target price on Dollarama from C$160.00 to C$159.00 in a research note on Thursday, December 5th. Finally, TD Securities upped their price objective on Dollarama from C$154.00 to C$160.00 in a report on Thursday, December 5th. Six equities research analysts have rated the stock with a hold rating, six have issued a buy rating and two have given a strong buy rating to the company's stock. According to data from MarketBeat, Dollarama presently has a consensus rating of "Moderate Buy" and a consensus price target of C$147.00.

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Dollarama Stock Performance

Dollarama stock traded up C$0.13 during midday trading on Friday, reaching C$154.01. 467,434 shares of the company's stock were exchanged, compared to its average volume of 728,785. 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 stock's 50-day simple moving average is C$145.38 and its 200 day simple moving average is C$142.83. The firm has a market cap of C$42.56 billion, a price-to-earnings ratio of 39.23, a P/E/G ratio of 1.93 and a beta of 0.56. Dollarama has a 52 week low of C$100.30 and a 52 week high of C$156.25.

Insider Transactions at Dollarama

In other Dollarama news, Director Nicolas Hien sold 9,000 shares of the company's stock in a transaction dated Monday, January 6th. The stock was sold at an average price of C$139.60, for a total value of C$1,256,386.50. Corporate insiders own 2.23% of the company's stock.

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.