Dollarama (TSE:DOL) Given a C$180.00 Price Target at Jefferies Financial Group

Jefferies Financial Group set a C$180.00 price target on Dollarama (TSE:DOL) in a research note issued to investors on Thursday,BayStreet.CA reports. The firm currently has a buy rating on the stock.

Other research analysts have also recently issued research reports about the stock. National Bank Financial upgraded shares of Dollarama from a “hold” rating to a “strong-buy” rating in a research note on Thursday, March 27th. TD Securities lifted their price objective on Dollarama from C$160.00 to C$185.00 and gave the company a “buy” rating in a research report on Friday, April 4th. Scotiabank increased their target price on Dollarama from C$150.00 to C$175.00 in a report on Friday, April 4th. UBS Group lifted their price target on Dollarama from C$147.00 to C$165.00 in a report on Friday, April 4th. Finally, Canaccord Genuity Group increased their price objective on shares of Dollarama from C$146.00 to C$168.00 in a report on Friday, April 4th. Six research analysts have rated the stock with a hold rating, seven have given a buy rating and two have given a strong buy rating to the company. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of C$164.50.

Dollarama Trading Up 2.3 %

Shares of Dollarama stock opened at C$155.46 on Thursday. Dollarama has a 12-month low of C$111.10 and a 12-month high of C$174.22. The stock has a market capitalization of C$42.96 billion, a P/E ratio of 39.59, a price-to-earnings-growth ratio of 1.93 and a beta of 0.56. The company has a 50-day simple moving average of C$148.20 and a 200 day simple moving average of C$144.02. The company has a quick ratio of 0.08, a current ratio of 1.43 and a debt-to-equity ratio of 369.36.

Dollarama Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, May 9th. Shareholders of record on Friday, May 9th will be issued a dividend of $0.1058 per share. This represents a $0.42 dividend on an annualized basis and a yield of 0.27%. The ex-dividend date of this dividend is Thursday, April 17th. This is a positive change from Dollarama’s previous quarterly dividend of $0.09. Dollarama’s payout ratio is currently 9.42%.

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.