Dollarama Inc. (TSE:DOL) Receives Average Recommendation of “Moderate Buy” from Brokerages

Dollarama Inc. (TSE:DOL) has been assigned a consensus recommendation of “Moderate Buy” from the eleven analysts that are covering the company, MarketBeat Ratings reports. Three equities research analysts have rated the stock with a hold recommendation, six have assigned a buy recommendation and two have assigned a strong buy recommendation to the company. The average 1 year price objective among analysts that have issued ratings on the stock in the last year is C$208.50.

A number of analysts have recently weighed in on the stock. Royal Bank Of Canada upped their price target on shares of Dollarama from C$212.00 to C$220.00 and gave the stock an “outperform” rating in a report on Friday, November 28th. National Bankshares upped their target price on Dollarama from C$203.00 to C$214.00 and gave the stock an “outperform” rating in a research note on Thursday. Sanford C. Bernstein lifted their price target on Dollarama from C$220.00 to C$223.00 in a research note on Tuesday, November 4th. CIBC dropped their price objective on Dollarama from C$204.00 to C$199.00 and set a “neutral” rating for the company in a research report on Thursday, August 28th. Finally, Desjardins set a C$205.00 price objective on Dollarama and gave the company a “buy” rating in a research note on Thursday, August 21st.

Dollarama Trading Up 0.5%

DOL opened at C$201.11 on Friday. The stock has a market capitalization of C$55.55 billion, a price-to-earnings ratio of 44.59, a P/E/G ratio of 1.93 and a beta of 0.10. 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 twelve month low of C$132.37 and a twelve month high of C$204.35. The company has a 50-day simple moving average of C$187.52 and a 200 day simple moving average of C$187.58.

Dollarama Dividend Announcement

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