Dollarama (TSE:DOL) Price Target Raised to C$175.00

Dollarama (TSE:DOL) had its price objective upped by Scotiabank from C$150.00 to C$175.00 in a research note released on Friday,BayStreet.CA reports.

DOL has been the subject of a number of other reports. UBS Group increased their price target on shares of Dollarama from C$147.00 to C$165.00 in a report on Friday. Canaccord Genuity Group boosted 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. Desjardins upped their price objective on shares of Dollarama from C$150.00 to C$160.00 and gave the stock a “buy” rating in a research note on Wednesday, April 2nd. 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 boosted their price objective on shares of Dollarama from C$154.00 to C$160.00 in a research report on Thursday, December 5th. Six research analysts have rated the stock with a hold rating, six have assigned a buy rating and two have issued a strong buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of C$163.31.

Dollarama Trading Down 3.7 %

Shares of TSE:DOL opened at C$154.03 on Friday. Dollarama has a 1 year low of C$107.80 and a 1 year high of C$174.22. The firm has a fifty day moving average price of C$146.75 and a 200 day moving average price of C$143.44. The company has a current ratio of 1.43, a quick ratio of 0.08 and a debt-to-equity ratio of 369.36. The stock has a market capitalization of C$42.57 billion, a PE ratio of 39.23, a P/E/G ratio of 1.93 and a beta of 0.56.

Dollarama Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, May 9th. Investors of record on Friday, May 9th will be issued a $0.1058 dividend. This represents a $0.42 dividend on an annualized basis and a yield of 0.27%. This is an increase from Dollarama’s previous quarterly dividend of $0.09. The ex-dividend date of this dividend is Friday, April 18th. Dollarama’s dividend payout ratio is presently 9.42%.

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.