National Bank Financial Lowers Dollarama (TSE:DOL) Price Target to C$225.00

Dollarama (TSE:DOL) had its price objective dropped by equities researchers at National Bank Financial from C$226.00 to C$225.00 in a report issued on Friday,BayStreet.CA reports. The firm presently has an “outperform” rating on the stock. National Bank Financial’s price target would suggest a potential upside of 16.20% from the company’s previous close.

Other equities research analysts have also issued research reports about the stock. Stifel Nicolaus lifted their target price on shares of Dollarama from C$190.00 to C$200.00 and gave the company a “hold” rating in a research note on Friday, December 12th. Scotiabank lifted their price objective on Dollarama from C$205.00 to C$220.00 and gave the company an “outperform” rating in a research report on Friday, December 12th. Wells Fargo & Company upped their target price on Dollarama from C$185.00 to C$195.00 and gave the stock an “equal weight” rating in a report on Friday, December 12th. Canadian Imperial Bank of Commerce raised their target price on Dollarama from C$199.00 to C$212.00 and gave the company a “neutral” rating in a research note on Friday, December 12th. Finally, BMO Capital Markets lifted their price target on Dollarama from C$215.00 to C$222.00 in a research report on Wednesday, December 3rd. One equities research analyst has rated the stock with a Strong Buy rating, six have given a Buy rating and four have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of C$216.08.

Dollarama Trading Down 2.0%

TSE:DOL opened at C$193.63 on Friday. The firm has a market capitalization of C$52.97 billion, a P/E ratio of 41.20, a P/E/G ratio of 1.93 and a beta of 0.15. The company has a quick ratio of 0.08, a current ratio of 1.09 and a debt-to-equity ratio of 415.13. The company has a fifty day moving average of C$195.54 and a 200 day moving average of C$192.07. Dollarama has a 52 week low of C$147.00 and a 52 week high of C$209.96.

Dollarama (TSE:DOL) last announced its quarterly earnings results on Thursday, December 11th. The company reported C$1.17 earnings per share (EPS) for the quarter. Dollarama had a net margin of 18.59% and a return on equity of 99.41%. The business had revenue of C$1.91 billion for the quarter. On average, research analysts predict that Dollarama will post 5.3295203 earnings per share for the current year.

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. The company’s stores are throughout Canada, generally located in convenient locations, such as metropolitan areas, midsize cities, and small towns.