Canaccord Genuity Group Forecasts Strong Price Appreciation for Dollarama (TSE:DOL) Stock

Dollarama (TSE:DOL) had its price target hoisted by equities researchers at Canaccord Genuity Group from C$146.00 to C$168.00 in a research report issued to clients and investors on Friday,BayStreet.CA reports. Canaccord Genuity Group’s target price would indicate a potential upside of 9.07% from the stock’s previous close.

A number of other research analysts have also recently issued reports on DOL. BMO Capital Markets lifted their target price on Dollarama from C$154.00 to C$160.00 in a research report on Friday, March 14th. National Bank Financial upgraded shares of Dollarama from a “hold” rating to a “strong-buy” rating in a research report on Thursday, March 27th. Stifel Nicolaus upped their price target on shares of Dollarama from C$140.00 to C$162.00 in a report on Friday. Royal Bank of Canada raised their price objective on Dollarama from C$149.00 to C$183.00 in a report on Friday. Finally, TD Securities upped their target price on Dollarama from C$154.00 to C$160.00 in a report on Thursday, December 5th. Six research 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 company. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of C$163.31.

Dollarama Stock Down 3.7 %

TSE DOL opened at C$154.03 on Friday. Dollarama has a fifty-two week low of C$107.80 and a fifty-two week high of C$174.22. The business has a fifty day moving average price of C$146.75 and a two-hundred day moving average price of C$143.40. 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 stock has a market capitalization of C$42.57 billion, a PE ratio of 39.23, a PEG ratio of 1.93 and a beta of 0.56.

Insider Transactions at Dollarama

In other news, Director Nicolas Hien sold 9,000 shares of the firm’s stock in a transaction that occurred on 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. Corporate 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.