Dollarama (TSE:DOL) was upgraded by equities research analysts at Desjardins to a “buy” rating in a note issued to investors on Monday, TipRanks reports. The brokerage presently has a C$72.00 price objective on the stock. Desjardins’ price objective would indicate a potential upside of 15.18% from the stock’s previous close.
DOL has been the topic of several other research reports. 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 report on Thursday, December 9th. CIBC increased their price objective on Dollarama from C$59.00 to C$60.00 and gave the stock a “neutral” rating in a research note on Thursday, December 9th. Scotiabank increased their price objective on Dollarama from C$64.00 to C$66.00 in a research note on Thursday, December 9th. Canaccord Genuity set a C$57.00 price objective on Dollarama and gave the stock a “hold” rating in a research note on Wednesday, September 1st. Finally, National Bankshares increased their price objective on Dollarama from C$64.00 to C$66.00 and gave the stock an “outperform” rating in a research note on Thursday, December 9th. Two analysts have rated the stock with a hold rating, five have issued a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, the company currently has a consensus rating of “Buy” and an average price target of C$65.60.
Shares of Dollarama stock traded up C$0.44 on Monday, hitting C$62.51. 254,292 shares of the company’s stock traded hands, compared to its average volume of 648,498. Dollarama has a one year low of C$46.56 and a one year high of C$63.08. The company has a debt-to-equity ratio of 2,500.70, a current ratio of 1.60 and a quick ratio of 0.32. The company has a fifty day moving average of C$57.26 and a two-hundred day moving average of C$57.02. The company has a market capitalization of C$18.62 billion and a price-to-earnings ratio of 32.49.
In related news, Director Stephen Gunn sold 4,989 shares of the business’s stock in a transaction dated Monday, October 18th. The stock was sold at an average price of C$57.55, for a total transaction of C$287,113.46. Following the transaction, the director now owns 113,251 shares in the company, valued at approximately C$6,517,515.77. Also, Director Gregory David sold 12,000 shares of Dollarama stock in a transaction that occurred on Friday, September 24th. The shares were sold at an average price of C$57.31, for a total value of C$687,688.80. In the last quarter, insiders sold 28,989 shares of company stock worth $1,665,044.
Dollarama Company Profile
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.