Royal Bank Of Canada Reiterates C$225.00 Price Target for Dollarama (TSE:DOL)

Dollarama (TSE:DOL) has been assigned a C$225.00 price target by equities researchers at Royal Bank Of Canada in a research note issued on Monday,BayStreet.CA reports. The firm presently has an “outperform” rating on the stock. Royal Bank Of Canada’s price target points to a potential upside of 13.68% from the stock’s previous close.

Several other research firms have also issued reports on DOL. Wells Fargo & Company boosted their price target on shares of Dollarama from C$185.00 to C$195.00 and gave the company an “equal weight” rating in a research report on Friday, December 12th. Desjardins set a C$218.00 price target on Dollarama and gave the company a “buy” rating in a report on Monday. TD Securities raised their price target on Dollarama from C$210.00 to C$235.00 and gave the company a “buy” rating in a research report on Friday, December 12th. Scotiabank lifted their price target on shares of Dollarama from C$205.00 to C$220.00 and gave the stock an “outperform” rating in a research note on Friday, December 12th. Finally, Stifel Nicolaus raised their price target on Dollarama from C$190.00 to C$200.00 and gave the stock a “hold” rating in a research 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 given a Hold rating to the company’s stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of C$217.08.

Dollarama Stock Up 1.6%

TSE DOL traded up C$3.18 during mid-day trading on Monday, hitting C$197.93. The company’s stock had a trading volume of 186,760 shares, compared to its average volume of 638,430. The firm has a market capitalization of C$54.15 billion, a price-to-earnings ratio of 42.11, a PEG ratio of 1.93 and a beta of 0.15. The company’s 50 day simple moving average is C$194.50 and its 200 day simple moving average is C$192.16. Dollarama has a twelve month low of C$147.00 and a twelve month high of C$209.96. 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 posted its earnings results on Thursday, December 11th. The company reported C$1.17 EPS for the quarter. The firm had revenue of C$1.91 billion for the quarter. Dollarama had a net margin of 18.59% and a return on equity of 99.41%. Analysts anticipate that Dollarama will post 5.3295203 earnings per share for the current year.

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.