Dollarama (TSE:DOL) Price Target Cut to C$225.00 by Analysts at National Bank Financial

Key Points

• National Bank Financial trimmed its price target for Dollarama to C$225 (from C$226) while keeping an "outperform" rating, a level the firm says implies roughly a 16% upside from current prices.
• Other analysts mostly raised targets (e.g., TD to C$235, Scotiabank to C$220, BMO to C$222), leaving an average analyst price target of C$216.08 and a consensus rating of Moderate Buy.
• Shares traded down to C$193.97, below analyst targets; Dollarama reported solid quarterly results (C$1.17 EPS, 18.6% net margin, 99.4% ROE) but shows a very high debt-to-equity ratio (415.13) and a P/E of 41.27.

Dollarama (TSE:DOL - Get Free Report) had its price target cut by equities researchers at National Bank Financial from C$226.00 to C$225.00 in a report released on Friday,BayStreet.CA reports. The firm presently has an "outperform" rating on the stock. National Bank Financial's price target points to a potential upside of 16.00% from the company's current price.

Other analysts also recently issued research reports about the company. TD Securities raised their price objective on Dollarama from C$210.00 to C$235.00 and gave the stock a "buy" rating in a research report on Friday, December 12th. Scotiabank lifted their price target on shares of Dollarama from C$205.00 to C$220.00 and gave the stock an "outperform" rating in a research note on Friday, December 12th. BMO Capital Markets increased their price objective on shares of Dollarama from C$215.00 to C$222.00 in a research note on Wednesday, December 3rd. Canaccord Genuity Group lifted their target price on shares of Dollarama from C$198.00 to C$207.00 in a research report on Friday, December 12th. Finally, Canadian Imperial Bank of Commerce increased their price target on shares of Dollarama from C$199.00 to C$212.00 and gave the stock a "neutral" rating in a research report on Friday, December 12th. One investment analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating and four have issued a Hold rating to the company. According to data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and an average price target of C$216.08.

Dollarama Stock Down 1.8%

TSE:DOL traded down C$3.64 during trading hours on Friday, reaching C$193.97. The company's stock had a trading volume of 264,696 shares, compared to its average volume of 656,757. Dollarama has a one year low of C$147.00 and a one year high of C$209.96. The business's 50-day moving average is C$195.77 and its 200-day moving average is C$192.13. The company has a debt-to-equity ratio of 415.13, a current ratio of 1.09 and a quick ratio of 0.08. The company has a market cap of C$53.07 billion, a price-to-earnings ratio of 41.27, a price-to-earnings-growth ratio of 1.93 and a beta of 0.15.

Dollarama (TSE:DOL - Get Free Report) last announced its earnings results on Thursday, December 11th. The company reported C$1.17 EPS for the quarter. Dollarama had a net margin of 18.59% and a return on equity of 99.41%. The firm had revenue of C$1.91 billion for the quarter. Equities research analysts predict that Dollarama will post 5.3295203 EPS 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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