Dollarama (TSE:DOL) Given New C$196.00 Price Target at UBS Group

Dollarama (TSE:DOL - Get Free Report) had its price target increased by investment 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 price target indicates a potential upside of 1.17% from the company's current price.

Several other research analysts have also commented on DOL. National Bank Financial raised Dollarama from a "hold" rating to a "strong-buy" rating in a research report on Thursday, March 27th. Stifel Nicolaus lifted their price target on Dollarama from C$140.00 to C$162.00 in a research report on Friday, April 4th. BMO Capital Markets lifted their price target on Dollarama from C$154.00 to C$160.00 in a research report on Friday, March 14th. CIBC lifted their price target on Dollarama from C$145.00 to C$174.00 in a research report on Friday, April 4th. Finally, Jefferies Financial Group set a C$180.00 price target on Dollarama and gave the stock a "buy" rating in a research report on Thursday, April 10th. Four 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 stock. Based on data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and a consensus price target of C$186.36.

Dollarama Stock Down 0.1%

Shares of TSE DOL traded down C$0.20 during midday trading on Thursday, hitting C$193.74. 730,803 shares of the company's stock were exchanged, compared to its average volume of 721,881. 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 twelve month low of C$119.88 and a twelve month high of C$196.46. The company has a market cap of C$53.54 billion, a PE ratio of 49.34, a P/E/G ratio of 1.93 and a beta of 0.56. The firm's fifty day simple moving average is C$171.10 and its 200-day simple moving average is C$153.37.

Insider Activity at Dollarama

In related news, Senior Officer Geoffrey Peter Robillard sold 28,000 shares of Dollarama stock in a transaction that occurred on Friday, April 11th. The stock was 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 business's stock in a transaction on Friday, June 13th. The stock was sold at an average price of C$192.31, for a total value of C$794,433.02. Insiders have sold a total of 33,481 shares of company stock worth $5,508,667 over the last three months. 2.23% of the stock is currently owned by corporate insiders.

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.