Dollarama (TSE:DOL) Price Target Cut to C$190.00 by Analysts at UBS Group

Key Points

• UBS Group lowered Dollarama’s price target from C$202 to C$190, still implying approximately 12.3% upside from the stock’s current price.
• Analyst sentiment remains positive: Dollarama has an overall “Buy” consensus rating and an average price target of C$216.50, with other firms setting targets as high as C$225.
• Shares traded at C$169.21, while the company reported quarterly revenue of C$1.85 billion and EPS of C$1.11; Dollarama posted a 17.65% net margin and 95.90% return on equity.

Dollarama (TSE:DOL - Get Free Report) had its price target lowered by stock analysts at UBS Group from C$202.00 to C$190.00 in a report issued on Monday, BayStreet reports. UBS Group's target price would indicate a potential upside of 12.29% from the stock's current price.

Several other brokerages have also recently weighed in on DOL. Royal Bank Of Canada set a C$223.00 price objective on Dollarama and gave the stock an "outperform" rating in a report on Tuesday, September 1st. Scotiabank lifted their price target on shares of Dollarama from C$200.00 to C$220.00 in a research report on Friday, June 12th. Stifel Nicolaus boosted their price target on shares of Dollarama from C$190.00 to C$215.00 in a research note on Friday, June 12th. National Bank Financial increased their price objective on shares of Dollarama from C$203.00 to C$209.00 in a report on Friday, June 12th. Finally, Ventum Financial set a C$225.00 price objective on shares of Dollarama and gave the company a "buy" rating in a research note on Tuesday, September 8th. One analyst has rated the stock with a Strong Buy rating, ten have given a Buy rating and one has given a Hold rating to the company's stock. According to MarketBeat, the stock currently has an average rating of "Buy" and an average price target of C$216.50.

Dollarama Price Performance

Shares of TSE DOL traded up C$2.10 during mid-day trading on Monday, hitting C$169.21. 391,502 shares of the stock were exchanged, compared to its average volume of 695,733. Dollarama has a twelve month low of C$166.00 and a twelve month high of C$209.96. The stock's fifty day simple moving average is C$184.80 and its two-hundred day simple moving average is C$182.50. 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 company has a market cap of C$45.82 billion, a P/E ratio of 34.82, a PEG ratio of 1.93 and a beta of 0.26.

Dollarama (TSE:DOL - Get Free Report) last issued its quarterly earnings data on Thursday, June 11th. The company reported C$1.11 EPS for the quarter. Dollarama had a net margin of 17.65% and a return on equity of 95.90%. The firm had revenue of C$1.85 billion for the quarter. As a group, analysts forecast that Dollarama will post 5.3295203 EPS for the current fiscal 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.

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