Royal Bank Of Canada Reiterates “C$223.00” Price Target for Dollarama (TSE:DOL)

Dollarama (TSE:DOL) has been assigned a C$223.00 price target by Royal Bank Of Canada in a research note issued to investors on Thursday,BayStreet.CA reports. The firm presently has an “outperform” rating on the stock. Royal Bank Of Canada’s price target would indicate a potential upside of 25.69% from the company’s previous close.

A number of other brokerages have also issued reports on DOL. TD Securities cut their price target on shares of Dollarama from C$235.00 to C$225.00 and set a “buy” rating on the stock in a research note on Wednesday, March 25th. Jefferies Financial Group cut their target price on shares of Dollarama from C$235.00 to C$200.00 in a research note on Wednesday, March 25th. Desjardins cut their target price on shares of Dollarama from C$218.00 to C$205.00 and set a “buy” rating on the stock in a research note on Wednesday, March 25th. BMO Capital Markets cut their target price on shares of Dollarama from C$222.00 to C$210.00 in a research note on Wednesday, March 25th. Finally, Sanford C. Bernstein cut their target price on shares of Dollarama from C$232.00 to C$227.00 in a research note on Tuesday, May 12th. One analyst has rated the stock with a Strong Buy rating, seven have assigned a Buy rating and two have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, Dollarama currently has a consensus rating of “Moderate Buy” and an average target price of C$203.69.

Dollarama Trading Up 1.3%

TSE:DOL traded up C$2.33 on Thursday, reaching C$177.42. 192,512 shares of the company’s stock were exchanged, compared to its average volume of 709,034. The company has a quick ratio of 0.08, a current ratio of 1.13 and a debt-to-equity ratio of 370.61. The firm has a market capitalization of C$48.30 billion, a price-to-earnings ratio of 37.51, a price-to-earnings-growth ratio of 1.93 and a beta of 0.40. The business has a fifty day moving average of C$173.30 and a 200-day moving average of C$188.46. Dollarama has a 52-week low of C$166.00 and a 52-week high of C$209.96.

Dollarama (TSE:DOL) last issued its quarterly earnings results on Tuesday, March 24th. The company reported C$1.43 earnings per share (EPS) for the quarter. The company had revenue of C$2.10 billion for the quarter. Dollarama had a net margin of 18.05% and a return on equity of 94.71%. As a group, analysts expect 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. The company’s stores are throughout Canada, generally located in convenient locations, such as metropolitan areas, midsize cities, and small towns.