Dollarama Inc. (TSE:DOL) Receives C$216.56 Consensus Price Target from Brokerages

Shares of Dollarama Inc. (TSE:DOL) have been assigned a consensus rating of “Buy” from the twelve ratings firms that are covering the stock, Marketbeat Ratings reports. One investment analyst has rated the stock with a hold recommendation, ten have assigned a buy recommendation and one has given a strong buy recommendation to the company. The average 12-month target price among brokerages that have covered the stock in the last year is C$216.50.

A number of equities analysts recently weighed in on the stock. Jefferies Financial Group boosted their price objective on shares of Dollarama from C$200.00 to C$230.00 in a report on Friday, June 12th. Ventum Financial set a C$225.00 price target on Dollarama and gave the stock a “buy” rating in a research note on Tuesday, September 8th. Canaccord Genuity Group upped their price target on Dollarama from C$187.00 to C$204.00 in a report on Friday, June 12th. UBS Group dropped their price objective on Dollarama from C$202.00 to C$190.00 in a research report on Monday. Finally, TD lifted their price objective on Dollarama from C$225.00 to C$227.00 and gave the stock a “buy” rating in a report on Friday, June 12th.

Dollarama Stock Up 0.7%

TSE:DOL opened at C$168.35 on Tuesday. The company has a debt-to-equity ratio of 451.20, a quick ratio of 0.08 and a current ratio of 1.57. The firm has a market cap of C$45.59 billion, a P/E ratio of 34.64, a P/E/G ratio of 1.93 and a beta of 0.26. Dollarama has a fifty-two week low of C$166.00 and a fifty-two week high of C$209.96. The firm has a 50-day simple moving average of C$184.45 and a two-hundred day simple moving average of C$182.30.

Dollarama Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, August 7th. Stockholders of record on Friday, August 7th were issued a dividend of $0.12 per share. This represents a $0.48 dividend on an annualized basis and a dividend yield of 0.3%. The ex-dividend date of this dividend was Friday, July 10th. Dollarama’s dividend payout ratio (DPR) is presently 9.00%.

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.