Dollarama (TSE:DOL) Stock Price Expected to Rise, TD Securities Analyst Says

Dollarama (TSE:DOL - Get Free Report) had its target price hoisted by research analysts at TD Securities from C$160.00 to C$185.00 in a note issued to investors on Friday,BayStreet.CA reports. The brokerage presently has a "buy" rating on the stock. TD Securities' price objective would suggest a potential upside of 21.75% from the company's previous close.

Several other equities research analysts also recently weighed in on the company. UBS Group increased their price objective on Dollarama from C$147.00 to C$165.00 in a report on Friday, April 4th. Royal Bank of Canada increased their price target on shares of Dollarama from C$149.00 to C$183.00 in a research note on Friday, April 4th. National Bankshares raised shares of Dollarama from a "sector perform" rating to an "outperform" rating and raised their price objective for the stock from C$156.00 to C$166.00 in a research report on Friday, March 28th. Scotiabank upped their target price on shares of Dollarama from C$150.00 to C$175.00 in a report on Friday, April 4th. Finally, National Bank Financial upgraded Dollarama from a "hold" rating to a "strong-buy" rating in a research report on Thursday, March 27th. Six investment 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 stock. According to MarketBeat, Dollarama presently has an average rating of "Moderate Buy" and an average target price of C$163.31.

Dollarama Stock Performance

Shares of Dollarama stock traded up C$2.07 on Friday, hitting C$151.95. The stock had a trading volume of 807,855 shares, compared to its average volume of 774,376. The stock has a market cap of C$41.99 billion, a price-to-earnings ratio of 38.70, a P/E/G ratio of 1.93 and a beta of 0.56. 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$107.80 and a 52-week high of C$174.22. The company's 50 day moving average price is C$147.31 and its 200 day moving average price is C$143.77.

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.