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

Dollarama (TSE:DOL) had its target price lifted by equities research analysts at Canaccord Genuity Group from C$140.00 to C$146.00 in a research report issued on Tuesday,BayStreet.CA reports. The brokerage presently has a “hold” rating on the stock. Canaccord Genuity Group’s price objective would suggest a potential downside of 3.81% from the stock’s previous close.

Other equities research analysts have also issued reports about the company. National Bank Financial lowered Dollarama from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, December 4th. Scotiabank raised shares of Dollarama to a “strong-buy” rating in a research note on Monday, January 20th. Royal Bank of Canada reduced their price target on shares of Dollarama from C$160.00 to C$159.00 in a research report on Thursday, December 5th. Stifel Nicolaus lifted their price objective on shares of Dollarama from C$136.00 to C$140.00 in a research report on Thursday, December 5th. Finally, UBS Group set a C$147.00 target price on Dollarama and gave the company a “neutral” rating in a report on Friday, December 13th. Eight research analysts have rated the stock with a hold rating, five have assigned a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of C$146.23.

Dollarama Price Performance

Shares of TSE DOL traded up C$2.90 during midday trading on Tuesday, reaching C$151.78. The company’s stock had a trading volume of 366,584 shares, compared to its average volume of 721,806. The company has a market cap of C$41.94 billion, a price-to-earnings ratio of 38.66, a price-to-earnings-growth ratio of 1.93 and a beta of 0.56. Dollarama has a one year low of C$100.30 and a one year high of C$156.25. The company has a current ratio of 1.43, a quick ratio of 0.08 and a debt-to-equity ratio of 369.36. The company has a 50 day moving average price of C$143.71 and a 200 day moving average price of C$142.07.

Insider Buying and Selling

In other Dollarama news, Director Nicolas Hien sold 9,000 shares of the company’s stock in a transaction 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. 2.23% of the stock is owned by company insiders.

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.