Dollarama (TSE:DOL) Stock Price Expected to Rise, National Bankshares Analyst Says

Dollarama (TSE:DOL) had its price objective raised by stock analysts at National Bankshares from C$149.00 to C$156.00 in a research report issued to clients and investors on Thursday,BayStreet.CA reports. The firm currently has a “sector perform” rating on the stock. National Bankshares’ target price points to a potential upside of 5.09% from the stock’s current price.

A number of other analysts also recently weighed in on the stock. Royal Bank of Canada reduced their price target on shares of Dollarama from C$160.00 to C$159.00 in a report on Thursday, December 5th. Desjardins increased their price target on shares of Dollarama from C$147.00 to C$150.00 and gave the company a “buy” rating in a report on Tuesday, December 3rd. BMO Capital Markets increased their price target on shares of Dollarama from C$154.00 to C$160.00 in a report on Friday, March 14th. TD Securities increased their price target on shares of Dollarama from C$154.00 to C$160.00 in a report on Thursday, December 5th. Finally, Canaccord Genuity Group increased their price target on shares of Dollarama from C$138.00 to C$140.00 and gave the company a “hold” rating in a report on Thursday, November 28th. Seven equities research analysts have rated the stock with a hold rating, five have given a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of C$146.25.

Dollarama Stock Performance

TSE:DOL opened at C$148.44 on Thursday. Dollarama has a 1 year low of C$100.30 and a 1 year high of C$156.25. The firm’s fifty day simple moving average is C$143.44 and its 200 day simple moving average is C$141.92. 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 capitalization of C$41.02 billion, a PE ratio of 37.81, a PEG ratio of 1.93 and a beta of 0.56.

Insider Buying and Selling

In related news, Director Nicolas Hien sold 9,000 shares of the stock in a transaction dated Monday, January 6th. The shares were 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 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.