National Bankshares Upgrades Dollarama (TSE:DOL) to “Outperform”

Dollarama (TSE:DOL) was upgraded by analysts at National Bankshares from a “sector perform” rating to an “outperform” rating in a report issued on Friday,BayStreet.CA reports. The brokerage presently has a C$166.00 price target on the stock, up from their previous price target of C$156.00. National Bankshares’ target price would suggest a potential upside of 9.44% from the company’s previous close.

Several other analysts also recently issued reports on DOL. TD Securities boosted their price objective on Dollarama from C$154.00 to C$160.00 in a report on Thursday, December 5th. UBS Group set a C$147.00 price target on shares of Dollarama and gave the company a “neutral” rating in a research report on Friday, December 13th. BMO Capital Markets lifted their price objective on shares of Dollarama from C$154.00 to C$160.00 in a research report on Friday, March 14th. Desjardins boosted their target price on shares of Dollarama from C$147.00 to C$150.00 and gave the company a “buy” rating in a research note on Tuesday, December 3rd. Finally, Canaccord Genuity Group raised their target price on Dollarama from C$140.00 to C$146.00 and gave the stock a “hold” rating in a research report on Tuesday, March 25th. Six research analysts have rated the stock with a hold rating, six have issued a buy rating and two have given a strong buy rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of C$147.00.

Dollarama Trading Up 1.1 %

Shares of TSE:DOL opened at C$151.68 on Friday. The stock has a market capitalization of C$41.92 billion, a price-to-earnings ratio of 38.63, a PEG ratio of 1.93 and a beta of 0.56. Dollarama has a 1-year low of C$100.30 and a 1-year high of C$156.25. The company has a 50 day moving average price of C$144.98 and a 200 day moving average price of C$142.53. The company has a debt-to-equity ratio of 369.36, a quick ratio of 0.08 and a current ratio of 1.43.

Insiders Place Their Bets

In related news, Director Nicolas Hien sold 9,000 shares of the firm’s stock in a transaction on Monday, January 6th. The shares were sold at an average price of C$139.60, for a total value of C$1,256,386.50. Company 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.