Dollarama (TSE:DOL) Stock Price Expected to Rise, UBS Group Analyst Says

Dollarama (TSE:DOL - Get Free Report) had its price target hoisted by stock analysts at UBS Group from C$165.00 to C$196.00 in a research note issued on Thursday,BayStreet.CA reports. UBS Group's target price points to a potential upside of 1.10% from the company's previous close.

A number of other research firms also recently issued reports on DOL. CIBC increased their price objective on Dollarama from C$145.00 to C$174.00 in a report on Friday, April 4th. National Bank Financial raised shares of Dollarama from a "hold" rating to a "strong-buy" rating in a report on Thursday, March 27th. TD Securities upped their target price on shares of Dollarama from C$160.00 to C$185.00 and gave the stock a "buy" rating in a research report on Friday, April 4th. Desjardins upped their price target on shares of Dollarama from C$165.00 to C$185.00 and gave the company a "buy" rating in a research note on Tuesday. Finally, National Bankshares raised shares of Dollarama from a "sector perform" rating to an "outperform" rating and increased their price objective for the stock from C$156.00 to C$166.00 in a research report on Friday, March 28th. Six analysts have rated the stock with a hold rating, six have issued a buy rating and two have given a strong buy rating to the company's stock. According to MarketBeat, the stock presently has an average rating of "Moderate Buy" and a consensus price target of C$186.36.

Dollarama Price Performance

Shares of DOL traded down C$0.08 during trading hours on Thursday, reaching C$193.86. 70,768 shares of the company's stock traded hands, compared to its average volume of 715,682. 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 market cap of C$53.57 billion, a PE ratio of 49.37, a price-to-earnings-growth ratio of 1.93 and a beta of 0.56. The firm's 50 day simple moving average is C$170.22 and its 200-day simple moving average is C$152.90. Dollarama has a 12 month low of C$119.88 and a 12 month high of C$196.46.

Insider Transactions at Dollarama

In other news, Senior Officer Mark Di Pesa sold 1,350 shares of Dollarama stock in a transaction on Wednesday, April 23rd. The shares were sold at an average price of C$173.51, for a total value of C$234,234.45. Also, Senior Officer Geoffrey Peter Robillard sold 28,000 shares of the business's stock in a transaction that occurred on 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. Insiders own 2.23% of the company's stock.

About Dollarama

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.