Dollarama (TSE:DOL) was upgraded by stock analysts at BMO Capital Markets to a “buy” rating in a report issued on Friday, TipRanks reports. The brokerage currently has a C$71.00 target price on the stock. BMO Capital Markets’ target price indicates a potential upside of 14.57% from the stock’s current price.
Several other equities analysts have also weighed in on the stock. National Bankshares increased their price target on shares of Dollarama from C$64.00 to C$66.00 and gave the company an “outperform” rating in a research report on Thursday, December 9th. Scotiabank raised their price target on shares of Dollarama from C$64.00 to C$66.00 in a research note on Thursday, December 9th. Desjardins upgraded Dollarama to a “buy” rating and set a C$72.00 price objective on the stock in a research note on Monday, December 20th. TD Securities increased their price target on Dollarama from C$68.00 to C$72.00 and gave the stock a “buy” rating in a research note on Thursday, December 9th. Finally, Royal Bank of Canada lifted their price objective on Dollarama from C$70.00 to C$77.00 and gave the stock an “outperform” rating in a report on Thursday, December 9th. Two research analysts have rated the stock with a hold rating, six have given a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat, the company has an average rating of “Buy” and a consensus target price of C$66.60.
DOL traded up C$0.19 during mid-day trading on Friday, reaching C$61.97. 192,272 shares of the stock were exchanged, compared to its average volume of 511,703. Dollarama has a 1 year low of C$46.56 and a 1 year high of C$64.49. The company has a debt-to-equity ratio of 18,873.64, a quick ratio of 0.22 and a current ratio of 1.32. The stock has a market capitalization of C$18.46 billion and a PE ratio of 30.82. The company has a 50 day moving average price of C$60.18 and a two-hundred day moving average price of C$58.25.
In other Dollarama news, Director Joshua Bekenstein sold 2,284 shares of the stock in a transaction on Thursday, January 13th. The shares were sold at an average price of C$63.99, for a total transaction of C$146,150.88. Following the completion of the sale, the director now owns 24,716 shares of the company’s stock, valued at approximately C$1,581,552.12. Also, Director Nicholas George Nomicos sold 6,000 shares of the business’s stock in a transaction dated Friday, December 10th. The shares were sold at an average price of C$58.54, for a total transaction of C$351,241.80. Insiders sold 14,284 shares of company stock valued at $836,393 over the last three months.
About Dollarama
Dollarama Inc operates a chain of dollar stores in Canada. Its stores offer general merchandise, consumables, and seasonal items. The company also offers products online. As of January 31, 2021, it operated 1,355 stores. The company was formerly known as Dollarama Capital Corporation and changed its name to Dollarama Inc in September 2009.