Dollarama (TSE:DOL) Price Target Raised to C$235.00 at Jefferies Financial Group

Dollarama (TSE:DOL) had its price target hoisted by research analysts at Jefferies Financial Group from C$223.00 to C$235.00 in a research note issued to investors on Friday,BayStreet.CA reports. Jefferies Financial Group’s price objective indicates a potential upside of 16.93% from the stock’s previous close.

Several other research firms have also recently weighed in on DOL. National Bankshares raised their price objective on shares of Dollarama from C$203.00 to C$214.00 and gave the company an “outperform” rating in a research report on Thursday, December 4th. Scotiabank reduced their price objective on Dollarama from C$210.00 to C$205.00 and set an “outperform” rating on the stock in a research report on Thursday, August 28th. CIBC cut their target price on Dollarama from C$204.00 to C$199.00 and set a “neutral” rating for the company in a research note on Thursday, August 28th. Royal Bank Of Canada boosted their price objective on shares of Dollarama from C$212.00 to C$220.00 and gave the stock an “outperform” rating in a report on Friday, November 28th. Finally, Desjardins set a C$205.00 target price on shares of Dollarama and gave the company a “buy” rating in a report on Thursday, August 21st. Two research analysts have rated the stock with a Strong Buy rating, six have given a Buy rating and five have given a Hold rating to the company’s stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of C$216.15.

Dollarama Price Performance

Shares of Dollarama stock traded up C$3.49 during trading on Friday, hitting C$200.98. The stock had a trading volume of 432,359 shares, compared to its average volume of 620,191. The company has a current ratio of 1.43, a quick ratio of 0.08 and a debt-to-equity ratio of 369.36. Dollarama has a 12 month low of C$132.37 and a 12 month high of C$209.96. The firm has a market cap of C$55.52 billion, a price-to-earnings ratio of 44.56, a P/E/G ratio of 1.93 and a beta of 0.10. The business’s 50-day moving average is C$188.86 and its 200 day moving average is C$188.24.

Dollarama (TSE:DOL) last announced its earnings results on Thursday, December 11th. The company reported C$1.17 earnings per share for the quarter. The business had revenue of C$1.91 billion for the quarter. Dollarama had a return on equity of 135.38% and a net margin of 17.85%. As a group, sell-side analysts anticipate that Dollarama will post 5.3295203 earnings per share for the current year.

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.