Stifel Nicolaus Issues Positive Forecast for Dollarama (TSE:DOL) Stock Price

Dollarama (TSE:DOL) had its price objective increased by investment analysts at Stifel Nicolaus from C$140.00 to C$162.00 in a research report issued to clients and investors on Friday,BayStreet.CA reports. Stifel Nicolaus’ price target would suggest a potential upside of 5.17% from the company’s previous close.

Other research analysts also recently issued reports about the company. Desjardins boosted their target price on Dollarama from C$150.00 to C$160.00 and gave the stock a “buy” rating in a report on Wednesday. BMO Capital Markets boosted their price objective on Dollarama from C$154.00 to C$160.00 in a research note on Friday, March 14th. CIBC raised their target price on Dollarama from C$138.00 to C$145.00 in a research note on Thursday, December 5th. UBS Group upped their price target on shares of Dollarama from C$147.00 to C$165.00 in a research report on Friday. Finally, TD Securities raised their price objective on shares of Dollarama from C$154.00 to C$160.00 in a research report on Thursday, December 5th. 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. According to MarketBeat.com, Dollarama has a consensus rating of “Moderate Buy” and a consensus price target of C$163.31.

Dollarama Trading Down 3.7 %

Shares of Dollarama stock opened at C$154.03 on Friday. The stock has a market capitalization of C$42.57 billion, a P/E ratio of 39.23, a price-to-earnings-growth ratio of 1.93 and a beta of 0.56. Dollarama has a 12-month low of C$107.80 and a 12-month high of C$174.22. The company has a quick ratio of 0.08, a current ratio of 1.43 and a debt-to-equity ratio of 369.36. The company has a 50-day simple moving average of C$146.75 and a 200 day simple moving average of C$143.40.

Insiders Place Their Bets

In other news, Director Nicolas Hien sold 9,000 shares of the firm’s stock in a transaction that occurred on Monday, January 6th. The shares were sold at an average price of C$139.60, for a total transaction 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.