Dollarama (TSE:DOL) Price Target Lowered to C$210.00 at Scotiabank

Key Points

• Scotiabank lowered Dollarama’s price target to C$210 from C$220 while maintaining an implied upside of 17.84% from the current share price.
• Analyst sentiment remains positive: ten analysts rate the stock Buy and one rates it Hold, producing a consensus “Moderate Buy” rating and average target of C$215.12.
• Dollarama shares rose 2.3% to C$178.21 in Monday trading. The company recently reported C$1.29 in quarterly EPS on C$2.03 billion in revenue.

Dollarama (TSE:DOL - Get Free Report) had its target price dropped by equities researchers at Scotiabank from C$220.00 to C$210.00 in a research report issued on Monday, BayStreet reports. Scotiabank's target price suggests a potential upside of 17.84% from the company's current price.

Several other equities analysts have also issued reports on the stock. Desjardins cut their price objective on shares of Dollarama from C$215.00 to C$210.00 and set a "buy" rating on the stock in a report on Thursday. Stifel Nicolaus increased their target price on Dollarama from C$190.00 to C$215.00 in a research report on Friday, June 12th. Ventum Financial set a C$225.00 price target on Dollarama and gave the company a "buy" rating in a report on Tuesday, September 8th. Royal Bank Of Canada upped their price objective on Dollarama from C$223.00 to C$225.00 and gave the stock an "outperform" rating in a research note on Thursday. Finally, UBS Group cut their target price on Dollarama from C$202.00 to C$190.00 in a research note on Monday, September 14th. Ten analysts have rated the stock with a Buy rating and one has given a Hold rating to the company. According to MarketBeat.com, Dollarama presently has a consensus rating of "Moderate Buy" and an average price target of C$215.12.

Dollarama Trading Up 2.3%

Shares of TSE DOL traded up C$4.03 during trading hours on Monday, reaching C$178.21. The stock had a trading volume of 432,916 shares, compared to its average volume of 710,218. Dollarama has a 52-week low of C$163.25 and a 52-week high of C$209.96. The firm has a market cap of C$47.83 billion, a price-to-earnings ratio of 35.79, a P/E/G ratio of 1.93 and a beta of 0.26. The business's fifty day moving average price is C$183.37 and its two-hundred day moving average price is C$181.49. The company has a current ratio of 1.55, a quick ratio of 0.08 and a debt-to-equity ratio of 399.63.

Dollarama (TSE:DOL - Get Free Report) last issued its earnings results on Wednesday, September 16th. The company reported C$1.29 earnings per share for the quarter. The business had revenue of C$2.03 billion during the quarter. Dollarama had a return on equity of 97.52% and a net margin of 17.32%. Analysts expect that Dollarama will post 5.3295203 EPS for the current fiscal year.

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.

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