Ventum Capital Issues Positive Forecast for Dollarama (TSE:DOL) Stock Price

Key Points

• Ventum Capital raised Dollarama’s price target from C$225 to C$231 and maintained a “buy” rating, implying 12.74% upside from the stock’s current price.
• Analyst sentiment remains broadly positive, with 11 buy ratings and one hold rating; the consensus rating is “Moderate Buy,” with an average price target of C$216.06.
• Dollarama shares fell 0.5% to C$204.89 during Wednesday trading. The company recently reported quarterly revenue of C$2.03 billion and EPS of C$1.29.

Dollarama (TSE:DOL - Get Free Report) had its target price upped by stock analysts at Ventum Capital from C$225.00 to C$231.00 in a note issued to investors on Wednesday, BayStreet reports. The firm currently has a "buy" rating on the stock. Ventum Capital's target price would suggest a potential upside of 12.74% from the company's current price.

Several other brokerages also recently commented on DOL. National Bank Financial increased their price objective on Dollarama from C$209.00 to C$210.00 and gave the stock an "outperform" rating in a research note on Thursday, September 17th. UBS Group dropped their target price on Dollarama from C$202.00 to C$190.00 in a report on Monday, September 14th. Desjardins cut their target price on Dollarama from C$215.00 to C$210.00 and set a "buy" rating on the stock in a research report on Thursday, September 17th. TD cut their target price on Dollarama from C$227.00 to C$217.00 and set a "buy" rating on the stock in a research report on Thursday, September 17th. Finally, Scotiabank decreased their price target on Dollarama from C$220.00 to C$210.00 in a report on Monday, September 21st. Eleven equities research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company. According to MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and a consensus price target of C$216.06.

Dollarama Stock Down 0.5%

TSE DOL traded down C$0.97 during mid-day trading on Wednesday, hitting C$204.89. The company's stock had a trading volume of 283,661 shares, compared to its average volume of 710,273. The firm has a market capitalization of C$54.99 billion, a price-to-earnings ratio of 41.14, a PEG ratio of 1.93 and a beta of 0.34. The company's 50 day simple moving average is C$183.40 and its 200 day simple moving average is C$182.02. 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 has a twelve month low of C$163.25 and a twelve month high of C$209.96.

Dollarama (TSE:DOL - Get Free Report) last posted its earnings results on Wednesday, September 16th. The company reported C$1.29 EPS for the quarter. Dollarama had a net margin of 17.32% and a return on equity of 97.52%. The company had revenue of C$2.03 billion during the quarter. Analysts anticipate that Dollarama will post 5.33 earnings per share for the current 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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