Dollarama Inc. (TSE:DOL) Given Consensus Recommendation of "Moderate Buy" by Analysts

Key Points

• The consensus recommendation for Dolarama Inc. (TSE:DOL) is a "Moderate Buy," according to twelve analysts, with price targets ranging from C$195.00 to C$212.00.
• Dolarama has recently announced a quarterly dividend of $0.1058 per share, translating to an annual yield of 0.2%.
• The company's stock is currently trading at C$182.97, reflecting a 1-year low of C$132.37 and a high of C$198.66.

Shares of Dollarama Inc. (TSE:DOL - Get Free Report) have earned a consensus rating of "Moderate Buy" from the twelve ratings firms that are covering the company, Marketbeat Ratings reports. Four equities research analysts have rated the stock with a hold rating, six have assigned a buy rating and two have assigned a strong buy rating to the company. The average 1 year price target among brokerages that have covered the stock in the last year is C$201.00.

A number of research firms have recently weighed in on DOL. Royal Bank Of Canada boosted their target price on Dollarama from C$207.00 to C$212.00 and gave the company an "outperform" rating in a research note on Tuesday, August 26th. Canaccord Genuity Group lowered their target price on Dollarama from C$200.00 to C$195.00 and set a "hold" rating for the company in a research note on Thursday, August 28th. Scotiabank lowered their target price on Dollarama from C$210.00 to C$205.00 and set an "outperform" rating for the company in a research note on Thursday, August 28th. National Bankshares lowered their target price on Dollarama from C$213.00 to C$203.00 and set an "outperform" rating for the company in a research note on Thursday, August 28th. Finally, CIBC lowered their target price on Dollarama from C$204.00 to C$199.00 and set a "neutral" rating for the company in a research note on Thursday, August 28th.

Dollarama Trading Up 1.2%

TSE DOL opened at C$182.97 on Friday. Dollarama has a 1-year low of C$132.37 and a 1-year high of C$198.66. The company has a current ratio of 1.43, a quick ratio of 0.08 and a debt-to-equity ratio of 369.36. The stock has a 50-day moving average of C$186.57 and a 200-day moving average of C$181.08. The firm has a market cap of C$50.54 billion, a PE ratio of 40.57, a price-to-earnings-growth ratio of 1.93 and a beta of 0.05.

Dollarama Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, November 7th. Shareholders of record on Friday, November 7th will be given a dividend of $0.1058 per share. The ex-dividend date of this dividend is Friday, October 10th. This represents a $0.42 dividend on an annualized basis and a yield of 0.2%. Dollarama's dividend payout ratio is presently 8.77%.

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.

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