Royal Bank of Canada Issues Positive Forecast for Dollarama (TSE:DOL) Stock Price

Dollarama (TSE:DOL) had its price objective boosted by stock analysts at Royal Bank of Canada from C$147.00 to C$160.00 in a research note issued on Monday,BayStreet.CA reports. Royal Bank of Canada’s price objective would suggest a potential upside of 10.99% from the stock’s current price.

Other research analysts have also issued research reports about the stock. TD Securities raised shares of Dollarama from a “hold” rating to a “buy” rating and boosted their target price for the stock from C$150.00 to C$154.00 in a research report on Thursday, September 12th. National Bankshares boosted their target price on shares of Dollarama from C$143.00 to C$149.00 in a research report on Wednesday, November 20th. Wells Fargo & Company lowered shares of Dollarama from an “overweight” rating to an “equal weight” rating and cut their target price for the stock from C$136.00 to C$130.00 in a research report on Thursday, September 12th. BMO Capital Markets boosted their target price on shares of Dollarama from C$147.00 to C$154.00 in a research report on Friday. Finally, Cfra raised shares of Dollarama from a “hold” rating to a “buy” rating and boosted their target price for the stock from C$130.00 to C$155.00 in a research report on Thursday, September 12th. Four analysts have rated the stock with a hold rating and seven have issued a buy rating to the company. According to MarketBeat.com, Dollarama presently has an average rating of “Moderate Buy” and a consensus target price of C$141.91.

Dollarama Stock Down 0.9 %

Shares of Dollarama stock traded down C$1.35 on Monday, hitting C$144.16. 297,811 shares of the company traded hands, compared to its average volume of 566,102. The company has a 50-day moving average price of C$142.45 and a 200 day moving average price of C$132.84. The company has a quick ratio of 0.08, a current ratio of 1.99 and a debt-to-equity ratio of 391.24. Dollarama has a 12-month low of C$89.93 and a 12-month high of C$152.97. The company has a market cap of C$40.62 billion, a PE ratio of 37.32, a PEG ratio of 1.93 and a beta of 0.56.

Dollarama (TSE:DOL) last posted its quarterly earnings results on Wednesday, September 11th. The company reported C$1.02 EPS for the quarter, beating the consensus estimate of C$0.96 by C$0.06. Dollarama had a net margin of 17.85% and a return on equity of 156.46%. The business had revenue of C$1.56 billion for the quarter, compared to analysts’ expectations of C$1.57 billion. Sell-side analysts predict that Dollarama will post 5.3295203 earnings per share for the current year.

Insider Buying and Selling

In other Dollarama news, Senior Officer Mark Di Pesa sold 530 shares of the company’s stock in a transaction dated Friday, October 11th. The shares were sold at an average price of C$143.47, for a total transaction of C$76,039.10. Also, Director Nicolas Hien sold 5,167 shares of the company’s stock in a transaction dated Tuesday, September 17th. The stock was sold at an average price of C$135.18, for a total transaction of C$698,490.04. Insiders sold 7,697 shares of company stock valued at $1,049,979 over the last quarter. Corporate insiders own 2.23% of the company’s stock.

Dollarama Company Profile

Dollarama Inc operates a chain of dollar stores in Canada. Its stores offer general merchandise, consumables, and seasonal products. It also sells its products through online store. The company was formerly known as Dollarama Capital Corporation and changed its name to Dollarama Inc in September 2009.