Royal Bank of Canada Forecasts Strong Price Appreciation for Dollarama (TSE:DOL) Stock

Dollarama (TSE:DOL) had its target price hoisted by equities research analysts at Royal Bank of Canada from C$149.00 to C$183.00 in a research report issued on Friday,BayStreet.CA reports. Royal Bank of Canada’s price objective suggests a potential upside of 18.20% from the company’s current price.

DOL has been the topic of a number of other research reports. Stifel Nicolaus raised their price objective on shares of Dollarama from C$140.00 to C$162.00 in a research note on Friday. TD Securities boosted their price objective on Dollarama from C$154.00 to C$160.00 in a report on Thursday, December 5th. Desjardins lifted their price objective on Dollarama from C$150.00 to C$160.00 and gave the company a “buy” rating in a research report on Wednesday. CIBC boosted their price target on Dollarama from C$138.00 to C$145.00 in a research report on Thursday, December 5th. Finally, Canaccord Genuity Group raised their price target on shares of Dollarama from C$140.00 to C$146.00 and gave the stock a “hold” rating in a research report on Tuesday, March 25th. Six research analysts have rated the stock with a hold rating, six have issued a buy rating and two have given a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of C$163.31.

Dollarama Stock Down 3.2 %

Shares of Dollarama stock traded down C$5.13 during trading on Friday, reaching C$154.82. The company had a trading volume of 659,712 shares, compared to its average volume of 758,945. Dollarama has a fifty-two week low of C$107.80 and a fifty-two week high of C$174.22. 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 company has a market cap of C$42.78 billion, a price-to-earnings ratio of 39.43, a price-to-earnings-growth ratio of 1.93 and a beta of 0.56. The firm’s fifty day moving average is C$146.50 and its 200-day moving average is C$143.32.

Insiders Place Their Bets

In other news, Director Nicolas Hien sold 9,000 shares of the company’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.