Dollarama (TSE:DOL) Given New C$204.00 Price Target at CIBC

Dollarama (TSE:DOL - Get Free Report) had its target price raised by research analysts at CIBC from C$174.00 to C$204.00 in a report issued on Thursday,BayStreet.CA reports. CIBC's price objective would suggest a potential upside of 5.23% from the company's previous close.

A number of other brokerages have also recently commented on DOL. TD Securities raised their price target on Dollarama from C$160.00 to C$185.00 and gave the stock a "buy" rating in a research report on Friday, April 4th. National Bank Financial upgraded shares of Dollarama from a "hold" rating to a "strong-buy" rating in a research report on Thursday, March 27th. Jefferies Financial Group set a C$180.00 price target on shares of Dollarama and gave the stock a "buy" rating in a report on Thursday, April 10th. Scotiabank upped their target price on Dollarama from C$150.00 to C$175.00 in a research note on Friday, April 4th. Finally, Stifel Nicolaus lifted their target price on Dollarama from C$162.50 to C$190.00 in a research report on Thursday. Six investment analysts have rated the stock with a hold rating, six have given a buy rating and two have given a strong buy rating to the company. According to MarketBeat, the stock has an average rating of "Moderate Buy" and a consensus target price of C$186.36.

Dollarama Stock Down 0.0%

Shares of TSE:DOL traded down C$0.08 during midday trading on Thursday, reaching C$193.86. The company had a trading volume of 70,768 shares, compared to its average volume of 715,682. Dollarama has a 1-year low of C$119.88 and a 1-year high of C$196.46. The stock has a market cap of C$53.57 billion, a PE ratio of 49.37, a P/E/G ratio of 1.93 and a beta of 0.56. The company has a quick ratio of 0.08, a current ratio of 1.43 and a debt-to-equity ratio of 369.36. The business's 50 day moving average price is C$170.22 and its 200 day moving average price is C$152.90.

Insider Buying and Selling at Dollarama

In related 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 transaction of C$234,234.45. Also, Senior Officer Geoffrey Peter Robillard sold 28,000 shares of the 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 transaction of C$4,480,000.00. Company 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.