Dollarama (TSE:DOL) Stock Price Expected to Rise, BMO Capital Markets Analyst Says

Dollarama (TSE:DOL) had its price target lifted by stock analysts at BMO Capital Markets from C$154.00 to C$160.00 in a research note issued on Friday,BayStreet.CA reports. BMO Capital Markets’ price objective would indicate a potential upside of 6.62% from the company’s current price.

Several other brokerages have also issued reports on DOL. National Bankshares lowered shares of Dollarama from an “outperform” rating to a “sector perform” rating in a research report on Thursday, December 5th. CIBC lifted their target price on shares of Dollarama from C$138.00 to C$145.00 in a research report on Thursday, December 5th. Royal Bank of Canada dropped their target price on shares of Dollarama from C$160.00 to C$159.00 in a research report on Thursday, December 5th. National Bank Financial lowered shares of Dollarama from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, December 4th. Finally, Stifel Nicolaus raised their price target on shares of Dollarama from C$136.00 to C$140.00 in a research note on Thursday, December 5th. Seven analysts have rated the stock with a hold rating, five have assigned a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of C$145.67.

Dollarama Stock Performance

DOL stock traded up C$2.27 during midday trading on Friday, hitting C$150.07. 188,059 shares of the stock traded hands, compared to its average volume of 725,355. The firm has a market cap of C$41.47 billion, a P/E ratio of 38.22, a PEG ratio of 1.93 and a beta of 0.56. The company has a debt-to-equity ratio of 369.36, a current ratio of 1.43 and a quick ratio of 0.08. The stock’s fifty day simple moving average is C$142.15 and its 200-day simple moving average is C$141.37. Dollarama has a 1-year low of C$100.30 and a 1-year high of C$156.25.

Insider Buying and Selling

In related 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 value 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.