Dollarama (TSE:DOL) Given New C$174.00 Price Target at CIBC

Dollarama (TSE:DOL) had its target price increased by research analysts at CIBC from C$145.00 to C$174.00 in a report issued on Friday,BayStreet.CA reports. CIBC’s price target would indicate a potential upside of 12.97% from the company’s current price.

A number of other equities research analysts have also recently commented on the stock. National Bank Financial raised shares of Dollarama from a “hold” rating to a “strong-buy” rating in a report on Thursday, March 27th. Scotiabank upped their price objective on Dollarama from C$150.00 to C$175.00 in a research note on Friday. BMO Capital Markets lifted their target price on Dollarama from C$154.00 to C$160.00 in a research note on Friday, March 14th. UBS Group upped their price target on Dollarama from C$147.00 to C$165.00 in a research note on Friday. Finally, Canaccord Genuity Group lifted their price objective on shares of Dollarama from C$140.00 to C$146.00 and gave the company a “hold” rating in a research report on Tuesday, March 25th. Six equities research analysts have rated the stock with a hold rating, six have given a buy rating and two have given a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of C$163.31.

Dollarama Stock Performance

Shares of Dollarama stock opened at C$154.03 on Friday. The stock has a market capitalization of C$42.57 billion, a price-to-earnings ratio of 39.23, a PEG ratio of 1.93 and a beta of 0.56. The firm’s fifty day simple moving average is C$146.75 and its 200-day simple moving average is C$143.40. 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 12 month low of C$107.80 and a 12 month high of C$174.22.

Insiders Place Their Bets

In other Dollarama news, Director Nicolas Hien sold 9,000 shares of the business’s stock in a transaction on Monday, January 6th. The stock was sold at an average price of C$139.60, for a total transaction of C$1,256,386.50. 2.23% of the stock is currently owned by company insiders.

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.