TD Securities Issues Positive Forecast for Dollarama (TSE:DOL) Stock Price

Dollarama (TSE:DOL) had its target price increased by equities research analysts at TD Securities from C$160.00 to C$185.00 in a research report issued to clients and investors on Friday,BayStreet.CA reports. The brokerage currently has a “buy” rating on the stock. TD Securities’ price target suggests a potential upside of 20.11% from the company’s previous close.

Several other research analysts also recently commented on DOL. National Bankshares raised shares of Dollarama from a “sector perform” rating to an “outperform” rating and increased their price objective for the company from C$156.00 to C$166.00 in a report on Friday, March 28th. Scotiabank increased their price target on Dollarama from C$150.00 to C$175.00 in a research note on Friday. CIBC raised their price target on Dollarama from C$145.00 to C$174.00 in a report on Friday. BMO Capital Markets upped their price objective on Dollarama from C$154.00 to C$160.00 in a report on Friday, March 14th. Finally, Royal Bank of Canada raised their target price on shares of Dollarama from C$149.00 to C$183.00 in a report on Friday. Six analysts have rated the stock with a hold rating, six have assigned a buy rating and two have assigned a strong buy rating to the stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of C$163.31.

Dollarama Trading Down 3.7 %

Dollarama stock opened at C$154.03 on Friday. The company has a debt-to-equity ratio of 369.36, a current ratio of 1.43 and a quick ratio of 0.08. The firm’s 50 day moving average price is C$146.75 and its 200-day moving average price is C$143.40. Dollarama has a 1 year low of C$107.80 and a 1 year high of C$174.22. The stock has a market cap of C$42.57 billion, a P/E ratio of 39.23, a PEG ratio of 1.93 and a beta of 0.56.

Insider Activity at Dollarama

In related news, Director Nicolas Hien sold 9,000 shares of the firm’s stock in a transaction that occurred on 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. 2.23% of the stock is currently owned by 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.