BMO Capital Markets Forecasts Strong Price Appreciation for Dollarama (TSE:DOL) Stock

Dollarama (TSE:DOL) had its target price boosted by BMO Capital Markets from C$154.00 to C$160.00 in a research report issued on Friday,BayStreet.CA reports. BMO Capital Markets’ target price points to a potential upside of 6.68% from the company’s current price.

Several other equities analysts have also commented on DOL. CIBC boosted their price target on Dollarama from C$138.00 to C$145.00 in a research report on Thursday, December 5th. Canaccord Genuity Group boosted their price target on Dollarama from C$138.00 to C$140.00 and gave the stock a “hold” rating in a research report on Thursday, November 28th. National Bankshares lowered Dollarama from an “outperform” rating to a “sector perform” rating in a research report on Thursday, December 5th. National Bank Financial lowered Dollarama from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, December 4th. Finally, UBS Group set a C$147.00 target price on Dollarama and gave the company a “neutral” rating in a research report on Friday, December 13th. Seven investment analysts have rated the stock with a hold rating, five have issued a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, Dollarama currently has a consensus rating of “Moderate Buy” and an average price target of C$145.67.

Dollarama Stock Up 1.5 %

Shares of DOL opened at C$149.98 on Friday. The company’s 50-day simple moving average is C$142.31 and its 200-day simple moving average is C$141.43. The stock has a market capitalization of C$41.45 billion, a PE ratio of 38.20, a P/E/G ratio of 1.93 and a beta of 0.56. The company has a debt-to-equity ratio of 369.36, a quick ratio of 0.08 and a current ratio of 1.43. Dollarama has a 1 year low of C$100.30 and a 1 year high of C$156.25.

Insider Buying and Selling

In related news, Director Nicolas Hien sold 9,000 shares of the company’s stock in a transaction 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 owned by company insiders.

About Dollarama

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.