Dollarama (TSE:DOL) PT Raised to C$105.00 at Royal Bank of Canada

Dollarama (TSE:DOL) had its price target upped by investment analysts at Royal Bank of Canada from C$101.00 to C$105.00 in a research report issued to clients and investors on Thursday, BayStreet.CA reports. The brokerage currently has an “outperform” rating on the stock. Royal Bank of Canada’s price target points to a potential upside of 9.80% from the stock’s previous close.

A number of other equities research analysts have also weighed in on the company. Scotiabank raised their price objective on Dollarama from C$93.00 to C$95.00 in a research note on Tuesday, May 30th. Canaccord Genuity Group raised their price objective on Dollarama from C$82.00 to C$85.00 in a research note on Thursday, June 8th. Stifel Nicolaus raised their price objective on Dollarama from C$94.00 to C$96.00 in a research note on Thursday, June 8th. Desjardins set a C$93.00 price objective on Dollarama and gave the company a “buy” rating in a research note on Monday, September 11th. Finally, National Bankshares increased their target price on Dollarama from C$95.00 to C$97.00 and gave the stock an “outperform” rating in a report on Thursday, August 31st. Three analysts have rated the stock with a hold rating and seven have issued a buy rating to the company. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of C$97.54.

Dollarama Price Performance

Shares of TSE DOL opened at C$95.63 on Thursday. Dollarama has a fifty-two week low of C$74.36 and a fifty-two week high of C$96.89. The business has a 50 day moving average price of C$87.48 and a two-hundred day moving average price of C$84.39. The company has a quick ratio of 0.08, a current ratio of 1.13 and a debt-to-equity ratio of 1,949.93. The firm has a market cap of C$27.10 billion, a PE ratio of 32.98, a price-to-earnings-growth ratio of 1.93 and a beta of 0.73.

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.