Dollarama (TSE:DOL) Stock Price Crosses Above 200 Day Moving Average – What’s Next?

Dollarama Inc. (TSE:DOL)’s share price crossed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of C$192.11 and traded as high as C$197.32. Dollarama shares last traded at C$194.75, with a volume of 340,244 shares trading hands.

Wall Street Analyst Weigh In

Several research analysts recently issued reports on the stock. Royal Bank Of Canada increased their target price on shares of Dollarama from C$220.00 to C$225.00 and gave the stock an “outperform” rating in a research note on Friday, December 12th. Scotiabank upped their price objective on shares of Dollarama from C$205.00 to C$220.00 and gave the company an “outperform” rating in a report on Friday, December 12th. Jefferies Financial Group increased their price objective on shares of Dollarama from C$223.00 to C$235.00 in a research report on Friday, December 12th. BMO Capital Markets raised their target price on Dollarama from C$215.00 to C$222.00 in a research note on Wednesday, December 3rd. Finally, National Bank Financial decreased their target price on Dollarama from C$226.00 to C$225.00 and set an “outperform” rating for the company in a research report on Friday, March 6th. One investment analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating and four have issued a Hold rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of C$216.08.

Dollarama Trading Up 0.2%

The firm has a market cap of C$53.28 billion, a price-to-earnings ratio of 41.44, a P/E/G ratio of 1.93 and a beta of 0.15. The firm’s 50-day moving average is C$194.50 and its 200-day moving average is C$192.11. The company has a current ratio of 1.09, a quick ratio of 0.08 and a debt-to-equity ratio of 415.13.

Dollarama (TSE:DOL) last released its quarterly earnings data on Thursday, December 11th. The company reported C$1.17 earnings per share for the quarter. Dollarama had a net margin of 18.59% and a return on equity of 99.41%. The firm had revenue of C$1.91 billion for the quarter. As a group, sell-side analysts anticipate that Dollarama Inc. will post 5.3295203 EPS for the current fiscal 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. The company’s stores are throughout Canada, generally located in convenient locations, such as metropolitan areas, midsize cities, and small towns.