National Bankshares Issues Positive Forecast for Dollarama (TSE:DOL) Stock Price

Dollarama (TSE:DOL) had its price target upped by analysts at National Bankshares from C$203.00 to C$214.00 in a research note issued on Thursday,BayStreet.CA reports. The brokerage currently has an “outperform” rating on the stock. National Bankshares’ price target points to a potential upside of 7.25% from the stock’s current price.

Several other research firms have also weighed in on DOL. Royal Bank Of Canada upped their price objective on shares of Dollarama from C$212.00 to C$220.00 and gave the company an “outperform” rating in a research note on Friday, November 28th. Desjardins set a C$205.00 price target on shares of Dollarama and gave the company a “buy” rating in a report on Thursday, August 21st. BMO Capital Markets upped their price target on shares of Dollarama from C$215.00 to C$222.00 in a research note on Wednesday. Sanford C. Bernstein lifted their price objective on Dollarama from C$220.00 to C$223.00 in a research report on Tuesday, November 4th. Finally, Canaccord Genuity Group lowered their target price on Dollarama from C$200.00 to C$195.00 and set a “hold” rating on the stock in a research note on Thursday, August 28th. Two equities research analysts have rated the stock with a Strong Buy rating, six have assigned a Buy rating and three have given a Hold rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of C$208.50.

Dollarama Stock Up 1.1%

Shares of DOL traded up C$2.12 during trading hours on Thursday, reaching C$199.54. The company’s stock had a trading volume of 147,193 shares, compared to its average volume of 619,690. The company has a 50 day moving average of C$186.88 and a two-hundred day moving average of C$187.16. The company has a quick ratio of 0.08, a current ratio of 1.43 and a debt-to-equity ratio of 369.36. The firm has a market cap of C$55.12 billion, a price-to-earnings ratio of 44.24, a P/E/G ratio of 1.93 and a beta of 0.06. Dollarama has a 1-year low of C$132.37 and a 1-year high of C$204.35.

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.