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

Dollarama (TSE:DOL) had its target price hoisted by analysts at BMO Capital Markets from C$154.00 to C$160.00 in a report released on Friday,BayStreet.CA reports. BMO Capital Markets’ price target suggests a potential upside of 6.62% from the company’s current price.

A number of other analysts have also issued reports on DOL. Desjardins lifted their price target on shares of Dollarama from C$147.00 to C$150.00 and gave the stock a “buy” rating in a research note on Tuesday, December 3rd. CIBC boosted their target price on shares of Dollarama from C$138.00 to C$145.00 in a research note on Thursday, December 5th. Royal Bank of Canada lowered their target price on shares of Dollarama from C$160.00 to C$159.00 in a research note on Thursday, December 5th. Canaccord Genuity Group upped their price target on shares of Dollarama from C$138.00 to C$140.00 and gave the stock a “hold” rating in a research report on Thursday, November 28th. Finally, Scotiabank raised shares of Dollarama to a “strong-buy” rating in a report on Monday, January 20th. Seven investment analysts have rated the stock with a hold rating, five have given a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, Dollarama currently has a consensus rating of “Moderate Buy” and an average target price of C$145.67.

Dollarama Stock Up 1.5 %

Shares of TSE:DOL traded up C$2.27 during midday trading on Friday, reaching C$150.07. The company had a trading volume of 188,059 shares, compared to its average volume of 725,355. 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 moving average price is C$142.15 and its 200-day moving average price is C$141.37. The stock has a market capitalization of C$41.47 billion, a P/E ratio of 38.22, a PEG 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.

Insiders Place Their Bets

In other news, Director Nicolas Hien sold 9,000 shares of the stock in a transaction that occurred 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. 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.