Jefferies Financial Group Forecasts Strong Price Appreciation for Dollarama (TSE:DOL) Stock

Dollarama (TSE:DOL - Get Free Report) had its price objective lifted by investment analysts at Jefferies Financial Group from C$180.00 to C$223.00 in a research note issued to investors on Thursday,BayStreet.CA reports. Jefferies Financial Group's target price would indicate a potential upside of 15.10% from the stock's previous close.

Several other analysts have also issued reports on the company. Canaccord Genuity Group boosted their price target on Dollarama from C$168.00 to C$178.00 in a report on Thursday, June 5th. Scotiabank increased their price target on Dollarama from C$175.00 to C$210.00 in a research note on Thursday. Royal Bank of Canada upped their price objective on Dollarama from C$190.00 to C$207.00 in a research report on Thursday. CIBC upped their price objective on Dollarama from C$174.00 to C$204.00 in a research report on Thursday. Finally, National Bank Financial upgraded Dollarama from a "hold" rating to a "strong-buy" rating in a report on Thursday, March 27th. Four equities research analysts have rated the stock with a hold rating, six have given a buy rating and two have issued a strong buy rating to the stock. According to MarketBeat.com, Dollarama currently has a consensus rating of "Moderate Buy" and an average target price of C$186.36.

Dollarama Stock Performance

Dollarama stock traded down C$0.20 during mid-day trading on Thursday, reaching C$193.74. 730,803 shares of the stock traded hands, compared to its average volume of 721,881. The stock has a market capitalization of C$53.54 billion, a PE ratio of 49.34, a price-to-earnings-growth ratio of 1.93 and a beta of 0.56. The company has a debt-to-equity ratio of 369.36, a current ratio of 1.43 and a quick ratio of 0.08. Dollarama has a 12-month low of C$119.88 and a 12-month high of C$196.46. The business's 50-day moving average is C$171.10 and its 200-day moving average is C$153.37.

Insider Transactions at Dollarama

In other Dollarama news, Senior Officer Geoffrey Peter Robillard sold 28,000 shares of the company's stock in a transaction dated Friday, April 11th. The shares were sold at an average price of C$160.00, for a total value of C$4,480,000.00. Also, Director Nicolas Hien sold 4,131 shares of the stock in a transaction dated Friday, June 13th. The stock was sold at an average price of C$192.31, for a total transaction of C$794,433.02. Insiders sold a total of 33,481 shares of company stock worth $5,508,667 in the last ninety days. Insiders own 2.23% of the company's stock.

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.