Dollarama (TSE:DOL) Stock Price Expected to Rise, Royal Bank of Canada Analyst Says

Dollarama (TSE:DOL) had its price target increased by research analysts at Royal Bank of Canada from C$149.00 to C$183.00 in a research note issued on Friday,BayStreet.CA reports. Royal Bank of Canada’s target price suggests a potential upside of 18.81% from the stock’s previous close.

Several other equities research analysts also recently weighed in on DOL. National Bankshares raised Dollarama from a “sector perform” rating to an “outperform” rating and raised their price target for the stock from C$156.00 to C$166.00 in a report on Friday, March 28th. CIBC lifted their target price on shares of Dollarama from C$138.00 to C$145.00 in a research note on Thursday, December 5th. Scotiabank upped their price target on shares of Dollarama from C$150.00 to C$175.00 in a research note on Friday. Stifel Nicolaus lifted their price objective on shares of Dollarama from C$140.00 to C$162.00 in a research note on Friday. Finally, BMO Capital Markets boosted their price objective on shares of Dollarama from C$154.00 to C$160.00 in a report on Friday, March 14th. Six investment 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 stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of C$163.31.

Dollarama Stock Performance

Shares of DOL opened at C$154.03 on Friday. 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 firm has a market cap 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 has a 12 month low of C$107.80 and a 12 month high of C$174.22. The stock has a fifty day moving average price of C$146.75 and a 200-day moving average price of C$143.40.

Insiders Place Their Bets

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

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.