Dollarama (TSE:DOL) Price Target Raised to C$146.00 at Canaccord Genuity Group

Dollarama (TSE:DOL) had its target price lifted by research analysts at Canaccord Genuity Group from C$140.00 to C$146.00 in a research note issued to investors on Tuesday,BayStreet.CA reports. The firm presently has a “hold” rating on the stock. Canaccord Genuity Group’s target price points to a potential downside of 1.33% from the stock’s current price.

DOL has been the subject of a number of other research reports. Desjardins upped their target price on Dollarama from C$147.00 to C$150.00 and gave the stock a “buy” rating in a report on Tuesday, December 3rd. Stifel Nicolaus increased their price objective on Dollarama from C$136.00 to C$140.00 in a report on Thursday, December 5th. UBS Group set a C$147.00 target price on Dollarama and gave the stock a “neutral” rating in a report on Friday, December 13th. National Bank Financial lowered Dollarama from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, December 4th. Finally, Scotiabank upgraded Dollarama to a “strong-buy” rating in a research report on Monday, January 20th. Eight investment analysts have rated the stock with a hold rating, five have issued a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of C$146.23.

Dollarama Trading Down 1.9 %

Shares of DOL stock opened at C$147.97 on Tuesday. Dollarama has a fifty-two week low of C$100.30 and a fifty-two week high of C$156.25. The company has a debt-to-equity ratio of 369.36, a quick ratio of 0.08 and a current ratio of 1.43. The stock’s fifty day moving average price is C$144.27 and its two-hundred day moving average price is C$142.31. The company has a market cap of C$40.89 billion, a PE ratio of 37.69, a P/E/G ratio of 1.93 and a beta of 0.56.

Insider Activity

In other news, Director Nicolas Hien sold 9,000 shares of the firm’s stock in a transaction dated 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. Company insiders own 2.23% of the company’s stock.

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.