Canaccord Genuity Group Raises Dollarama (TSE:DOL) Price Target to C$146.00

Dollarama (TSE:DOL) had its target price hoisted by equities research analysts at Canaccord Genuity Group from C$140.00 to C$146.00 in a research report issued on Tuesday,BayStreet.CA reports. The firm currently has a “hold” rating on the stock. Canaccord Genuity Group’s target price would indicate a potential downside of 3.81% from the stock’s previous close.

DOL has been the topic of a number of other reports. BMO Capital Markets raised their price target on Dollarama from C$154.00 to C$160.00 in a research note on Friday, March 14th. National Bankshares boosted their target price on shares of Dollarama from C$149.00 to C$156.00 and gave the company a “sector perform” rating in a report on Thursday, March 20th. Scotiabank raised shares of Dollarama to a “strong-buy” rating in a research note on Monday, January 20th. Canaccord Genuity Group boosted their price objective on shares of Dollarama from C$138.00 to C$140.00 and gave the company a “hold” rating in a research note on Thursday, November 28th. Finally, Stifel Nicolaus increased their target price on Dollarama from C$136.00 to C$140.00 in a research report on Thursday, December 5th. Eight investment analysts have rated the stock with a hold rating, five have assigned a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of C$146.23.

Dollarama Trading Up 1.9 %

DOL stock traded up C$2.90 during midday trading on Tuesday, hitting C$151.78. The stock had a trading volume of 366,584 shares, compared to its average volume of 721,806. Dollarama has a 12-month low of C$100.30 and a 12-month high of C$156.25. The firm has a market cap of C$41.94 billion, a PE ratio of 38.66, a price-to-earnings-growth ratio of 1.93 and a beta of 0.56. The company’s 50-day moving average price is C$143.71 and its 200 day moving average price is C$142.07. The company has a debt-to-equity ratio of 369.36, a current ratio of 1.43 and a quick ratio of 0.08.

Insider Buying and Selling at Dollarama

In other news, Director Nicolas Hien sold 9,000 shares of the stock in a transaction on Monday, January 6th. The stock was sold at an average price of C$139.60, for a total value of C$1,256,386.50. 2.23% of the stock is currently owned by company insiders.

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.