Dollarama Inc. (TSE:DOL) Given Consensus Recommendation of “Moderate Buy” by Brokerages

Shares of Dollarama Inc. (TSE:DOL) have earned a consensus rating of “Moderate Buy” from the eleven analysts that are presently covering the firm, Marketbeat Ratings reports. Four research analysts have rated the stock with a hold rating, six have assigned a buy rating and one has issued a strong buy rating on the company. The average 12-month price objective among brokers that have issued ratings on the stock in the last year is C$217.08.

Several equities analysts recently commented on the stock. Desjardins set a C$218.00 price target on shares of Dollarama and gave the stock a “buy” rating in a research report on Monday. Scotiabank boosted their price objective on shares of Dollarama from C$205.00 to C$220.00 and gave the company an “outperform” rating in a research note on Friday, December 12th. Canaccord Genuity Group upped their price objective on Dollarama from C$198.00 to C$207.00 in a report on Friday, December 12th. Royal Bank Of Canada set a C$225.00 target price on Dollarama and gave the stock an “outperform” rating in a research report on Monday. Finally, Canadian Imperial Bank of Commerce lifted their target price on Dollarama from C$199.00 to C$212.00 and gave the company a “neutral” rating in a report on Friday, December 12th.

Dollarama Trading Up 1.8%

Shares of DOL stock opened at C$198.34 on Tuesday. The firm has a market cap of C$54.26 billion, a P/E ratio of 42.20, a PEG ratio of 1.93 and a beta of 0.15. Dollarama has a 1-year low of C$147.00 and a 1-year high of C$209.96. The company has a debt-to-equity ratio of 415.13, a current ratio of 1.09 and a quick ratio of 0.08. The firm’s 50-day simple moving average is C$194.48 and its 200-day simple moving average is C$192.25.

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