BMO Capital Markets Issues Positive Forecast for Dollarama (TSE:DOL) Stock Price

Dollarama (TSE:DOL) had its price target raised by BMO Capital Markets from C$215.00 to C$222.00 in a report published on Wednesday,BayStreet.CA reports.

Several other analysts have also recently issued reports on the company. Scotiabank decreased their price objective on Dollarama from C$210.00 to C$205.00 and set an “outperform” rating on the stock in a report on Thursday, August 28th. Sanford C. Bernstein boosted their price target on shares of Dollarama from C$220.00 to C$223.00 in a research report on Tuesday, November 4th. National Bankshares lowered their price objective on shares of Dollarama from C$213.00 to C$203.00 and set an “outperform” rating for the company in a research report on Thursday, August 28th. Royal Bank Of Canada lifted their price objective on shares of Dollarama from C$212.00 to C$220.00 and gave the stock an “outperform” rating in a research note on Friday, November 28th. Finally, CIBC reduced their target price on shares of Dollarama from C$204.00 to C$199.00 and set a “neutral” rating on the stock in a report on Thursday, August 28th. Two research analysts have rated the stock with a Strong Buy rating, six have given a Buy rating and three have given a Hold rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of C$207.58.

Dollarama Stock Up 0.3%

DOL opened at C$197.42 on Wednesday. The company has a market capitalization of C$54.54 billion, a PE ratio of 43.77, a price-to-earnings-growth ratio of 1.93 and a beta of 0.06. The firm has a 50-day simple moving average of C$186.88 and a two-hundred day simple moving average of C$187.16. The company has a quick ratio of 0.08, a current ratio of 1.43 and a debt-to-equity ratio of 369.36. Dollarama has a 52 week low of C$132.37 and a 52 week high of C$204.35.

Dollarama Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, November 7th. Stockholders of record on Friday, November 7th were issued a $0.1058 dividend. This represents a $0.42 annualized dividend and a dividend yield of 0.2%. The ex-dividend date was Friday, October 10th. Dollarama’s dividend payout ratio (DPR) is 8.77%.

About Dollarama

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.