Dollarama (TSE:DOL) Given a C$93.00 Price Target by Desjardins Analysts

Desjardins set a C$93.00 price target on Dollarama (TSE:DOL) in a research report released on Monday morning, BayStreet.CA reports. The firm currently has a buy rating on the stock.

Several other brokerages have also recently issued reports on DOL. Canaccord Genuity Group boosted their price target on Dollarama from C$82.00 to C$85.00 in a research note on Thursday, June 8th. Stifel Nicolaus boosted their price objective on shares of Dollarama from C$94.00 to C$96.00 in a research report on Thursday, June 8th. Scotiabank boosted their price objective on shares of Dollarama from C$93.00 to C$95.00 in a research report on Tuesday, May 30th. National Bankshares boosted their price objective on shares of Dollarama from C$95.00 to C$97.00 and gave the company an outperform rating in a research report on Thursday, August 31st. Finally, Royal Bank of Canada boosted their price objective on shares of Dollarama from C$98.00 to C$101.00 and gave the company an outperform rating in a research report on Thursday, June 8th. Two research analysts have rated the stock with a hold rating and four have given a buy rating to the company. According to MarketBeat, Dollarama currently has an average rating of Moderate Buy and a consensus target price of C$92.70.

Dollarama Trading Up 1.2 %

Shares of DOL stock opened at C$88.65 on Monday. The company has a current ratio of 1.13, a quick ratio of 0.08 and a debt-to-equity ratio of 1,949.93. The stock has a market cap of C$25.12 billion, a P/E ratio of 30.57, a price-to-earnings-growth ratio of 1.93 and a beta of 0.73. The stock has a 50 day simple moving average of C$87.06 and a 200 day simple moving average of C$84.05. Dollarama has a 1 year low of C$74.36 and a 1 year high of C$90.00.

Dollarama Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, August 4th. Investors of record on Friday, August 4th were issued a $0.071 dividend. The ex-dividend date of this dividend was Thursday, July 6th. This represents a $0.28 dividend on an annualized basis and a yield of 0.32%. Dollarama’s payout ratio is 9.66%.

About Dollarama

Dollarama Inc operates a chain of dollar stores in Canada. Its stores offer general merchandise, consumables, and seasonal products. It also sells its products through online store. The company was formerly known as Dollarama Capital Corporation and changed its name to Dollarama Inc in September 2009.