Dollarama (TSE:DOL) Given a C$225.00 Price Target at Ventum Financial

Key Points

• Ventum Financial assigned Dollarama a C$225 price target and “buy” rating, implying 19.9% upside from the prior close.
• Analyst sentiment is broadly positive, with a consensus rating of “Moderate Buy” and an average price target of C$216.56 from 13 analysts.
• Dollarama shares fell 1.2% to C$187.66, while the company recently reported quarterly revenue of C$1.85 billion and earnings of C$1.11 per share.

Dollarama (TSE:DOL - Get Free Report) has been given a C$225.00 price objective by equities research analysts at Ventum Financial in a report released on Thursday,BayStreet.CA reports. The brokerage presently has a "buy" rating on the stock. Ventum Financial's price target would suggest a potential upside of 19.90% from the company's previous close.

Other research analysts have also recently issued reports about the stock. Jefferies Financial Group increased their target price on shares of Dollarama from C$200.00 to C$230.00 in a report on Friday, June 12th. National Bank Financial boosted their price target on shares of Dollarama from C$203.00 to C$209.00 in a report on Friday, June 12th. Canadian Imperial Bank of Commerce upped their price target on shares of Dollarama from C$202.00 to C$228.00 in a research report on Friday, June 12th. Royal Bank Of Canada set a C$223.00 price objective on shares of Dollarama and gave the company an "outperform" rating in a report on Thursday, June 4th. Finally, Stifel Nicolaus lifted their price objective on shares of Dollarama from C$190.00 to C$215.00 in a report on Friday, June 12th. One equities research analyst has rated the stock with a Strong Buy rating, ten have issued a Buy rating and two have assigned a Hold rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and an average target price of C$216.56.

Dollarama Stock Down 1.2%

TSE DOL traded down C$2.25 on Thursday, reaching C$187.66. 223,856 shares of the stock traded hands, compared to its average volume of 694,563. 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 fifty day moving average price of C$188.96 and a 200-day moving average price of C$184.16. The company has a market cap of C$50.81 billion, a price-to-earnings ratio of 38.61, a PEG ratio of 1.93 and a beta of 0.33. Dollarama has a 12 month low of C$166.00 and a 12 month high of C$209.96.

Dollarama (TSE:DOL - Get Free Report) last posted its quarterly earnings results on Thursday, June 11th. The company reported C$1.11 earnings per share (EPS) for the quarter. The business had revenue of C$1.85 billion for the quarter. Dollarama had a return on equity of 95.90% and a net margin of 17.65%. As a group, research 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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