Desjardins Analysts Give Dollarama (TSE:DOL) a C$218.00 Price Target

Desjardins set a C$218.00 target price on Dollarama (TSE:DOL) in a research note published on Monday morning,BayStreet.CA reports. The firm currently has a buy rating on the stock.

Several other brokerages have also recently weighed in on DOL. Stifel Nicolaus boosted their price objective on Dollarama from C$190.00 to C$200.00 and gave the stock a “hold” rating in a report on Friday, December 12th. Canadian Imperial Bank of Commerce lifted their price target on shares of Dollarama from C$199.00 to C$212.00 and gave the stock a “neutral” rating in a research report on Friday, December 12th. BMO Capital Markets boosted their price target on shares of Dollarama from C$215.00 to C$222.00 in a research note on Wednesday, December 3rd. Sanford C. Bernstein increased their price objective on shares of Dollarama from C$223.00 to C$232.00 in a report on Friday, December 12th. Finally, Scotiabank lifted their target price on shares of Dollarama from C$205.00 to C$220.00 and gave the stock an “outperform” rating in a report on Friday, December 12th. One research analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating and four have assigned a Hold rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of C$217.08.

Dollarama Trading Down 2.8%

DOL stock opened at C$189.60 on Monday. The company has a market cap of C$51.87 billion, a P/E ratio of 40.34, a PEG ratio of 1.93 and a beta of 0.15. Dollarama has a twelve month low of C$147.00 and a twelve month high of C$209.96. The company has a quick ratio of 0.08, a current ratio of 1.09 and a debt-to-equity ratio of 415.13. The business has a fifty day moving average of C$194.21 and a 200-day moving average of C$192.29.

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. The company’s stores are throughout Canada, generally located in convenient locations, such as metropolitan areas, midsize cities, and small towns.