Dollarama (TSE:DOL) Price Target Raised to C$165.00

Dollarama (TSE:DOL) had its price objective boosted by stock analysts at UBS Group from C$147.00 to C$165.00 in a report issued on Friday,BayStreet.CA reports. UBS Group’s price target would suggest a potential upside of 6.58% from the company’s current price.

DOL has been the subject of several other reports. TD Securities boosted their target price on shares of Dollarama from C$154.00 to C$160.00 in a research report on Thursday, December 5th. BMO Capital Markets increased their target price on shares of Dollarama from C$154.00 to C$160.00 in a report on Friday, March 14th. National Bank Financial raised Dollarama from a “hold” rating to a “strong-buy” rating in a research note on Thursday, March 27th. Royal Bank of Canada lowered their price objective on Dollarama from C$160.00 to C$159.00 in a research note on Thursday, December 5th. Finally, CIBC boosted their price objective on Dollarama from C$138.00 to C$145.00 in a research report on Thursday, December 5th. Six 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’s stock. According to MarketBeat, Dollarama currently has a consensus rating of “Moderate Buy” and an average price target of C$163.31.

Dollarama Stock Performance

TSE DOL traded down C$5.13 during trading on Friday, reaching C$154.82. The company’s stock had a trading volume of 659,712 shares, compared to its average volume of 758,945. Dollarama has a 12 month low of C$107.80 and a 12 month high of C$174.22. The firm has a 50 day moving average price of C$146.50 and a 200 day moving average price of C$143.32. The firm has a market capitalization of C$42.78 billion, a price-to-earnings ratio of 39.43, a price-to-earnings-growth 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.

Insider Buying and Selling

In related news, Director Nicolas Hien sold 9,000 shares of the stock in a transaction that occurred on Monday, January 6th. The shares were sold at an average price of C$139.60, for a total value of C$1,256,386.50. 2.23% of the stock is currently owned by corporate insiders.

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.