Dollarama (TSE:DOL) Stock Price Expected to Rise, Canaccord Genuity Group Analyst Says

Dollarama (TSE:DOL) had its target price hoisted by research analysts at Canaccord Genuity Group from C$140.00 to C$146.00 in a research report issued to clients and investors on Tuesday,BayStreet.CA reports. The firm currently has a “hold” rating on the stock. Canaccord Genuity Group’s price objective would suggest a potential downside of 1.33% from the company’s current price.

Other equities analysts have also issued reports about the company. Canaccord Genuity Group upped their target price on Dollarama from C$138.00 to C$140.00 and gave the company a “hold” rating in a research note on Thursday, November 28th. National Bankshares lifted their price target on shares of Dollarama from C$149.00 to C$156.00 and gave the stock a “sector perform” rating in a research note on Thursday, March 20th. BMO Capital Markets upped their target price on Dollarama from C$154.00 to C$160.00 in a research report on Friday, March 14th. National Bank Financial cut shares of Dollarama from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, December 4th. Finally, CIBC lifted their price objective on shares of Dollarama from C$138.00 to C$145.00 in a report on Thursday, December 5th. Eight investment analysts have rated the stock with a hold rating, five have assigned a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of C$146.23.

Dollarama Trading Down 1.9 %

Shares of DOL opened at C$147.97 on Tuesday. The company has a debt-to-equity ratio of 369.36, a current ratio of 1.43 and a quick ratio of 0.08. Dollarama has a 1-year low of C$100.30 and a 1-year high of C$156.25. The stock has a market cap of C$40.89 billion, a price-to-earnings ratio of 37.69, a price-to-earnings-growth ratio of 1.93 and a beta of 0.56. The firm has a 50 day simple moving average of C$144.27 and a 200-day simple moving average of C$142.31.

Insider Activity

In other news, Director Nicolas Hien sold 9,000 shares of the stock in a transaction that occurred on Monday, January 6th. The stock was sold at an average price of C$139.60, for a total value of C$1,256,386.50. Corporate insiders own 2.23% of the company’s stock.

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.