Dollarama (TSE:DOL) Stock Rating Upgraded by Stifel Nicolaus

Dollarama (TSE:DOL) was upgraded by stock analysts at Stifel Nicolaus from a “hold” rating to a “buy” rating in a research report issued to clients and investors on Tuesday,BayStreet.CA reports. The firm currently has a C$190.00 price target on the stock, up from their prior price target of C$180.00. Stifel Nicolaus’ target price would indicate a potential upside of 9.59% from the company’s previous close.

Other equities research analysts also recently issued reports about the company. Jefferies Financial Group lowered their price target on Dollarama from C$235.00 to C$200.00 in a research report on Wednesday, March 25th. Desjardins lowered their price target on Dollarama from C$218.00 to C$205.00 and set a “buy” rating on the stock in a research report on Wednesday, March 25th. Royal Bank Of Canada lowered their price target on Dollarama from C$225.00 to C$223.00 in a research report on Wednesday, March 25th. Canaccord Genuity Group cut their price target on shares of Dollarama from C$207.00 to C$187.00 in a research note on Wednesday, March 25th. Finally, Scotiabank reduced their price target on shares of Dollarama from C$220.00 to C$200.00 in a research report on Wednesday, March 25th. One investment analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating and two have assigned a Hold rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of C$203.69.

Dollarama Stock Up 1.7%

TSE DOL traded up C$2.89 during trading on Tuesday, hitting C$173.38. 233,214 shares of the company traded hands, compared to its average volume of 713,952. Dollarama has a 12 month low of C$160.39 and a 12 month high of C$209.96. The business has a fifty day simple moving average of C$182.29 and a 200 day simple moving average of C$189.94. The company has a current ratio of 1.13, a quick ratio of 0.08 and a debt-to-equity ratio of 370.61. The company has a market capitalization of C$47.29 billion, a P/E ratio of 36.66, a PEG ratio of 1.93 and a beta of 0.47.

Dollarama (TSE:DOL) last posted its earnings results on Tuesday, March 24th. The company reported C$1.43 earnings per share for the quarter. The company had revenue of C$2.10 billion for the quarter. Dollarama had a return on equity of 94.71% and a net margin of 18.05%. As a group, sell-side analysts predict that Dollarama will post 5.3295203 EPS 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.