Dollarama (TSE:DOL) Price Target Raised to C$156.00 at National Bankshares

Dollarama (TSE:DOL) had its price target raised by analysts at National Bankshares from C$149.00 to C$156.00 in a report released on Thursday,BayStreet.CA reports. The firm currently has a “sector perform” rating on the stock. National Bankshares’ price objective indicates a potential upside of 3.06% from the company’s current price.

Several other equities analysts have also recently weighed in on DOL. UBS Group set a C$147.00 price target on Dollarama and gave the company a “neutral” rating in a report on Friday, December 13th. BMO Capital Markets raised their price target on Dollarama from C$154.00 to C$160.00 in a report on Friday, March 14th. Royal Bank of Canada lowered their price objective on Dollarama from C$160.00 to C$159.00 in a research note on Thursday, December 5th. National Bank Financial lowered Dollarama from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, December 4th. Finally, TD Securities raised their price objective on Dollarama from C$154.00 to C$160.00 in a research note on Thursday, December 5th. Seven research 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’s stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of C$146.25.

Dollarama Price Performance

Shares of TSE:DOL traded up C$0.16 during trading on Thursday, hitting C$151.37. 97,332 shares of the company’s stock were exchanged, compared to its average volume of 710,276. The company has a debt-to-equity ratio of 369.36, a current ratio of 1.43 and a quick ratio of 0.08. Dollarama has a 52-week low of C$100.30 and a 52-week high of C$156.25. The business’s 50-day simple moving average is C$142.99 and its 200 day simple moving average is C$141.78. The company has a market cap of C$41.83 billion, a price-to-earnings ratio of 38.55, a PEG ratio of 1.93 and a beta of 0.56.

Insiders Place Their Bets

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 transaction of C$1,256,386.50. 2.23% of the stock is owned by insiders.

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.