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

Dollarama (TSE:DOL - Get Free Report) had its target price increased by investment analysts at CIBC from C$174.00 to C$204.00 in a research note issued on Thursday,BayStreet.CA reports. CIBC's target price suggests a potential upside of 5.30% from the company's previous close.

DOL has been the subject of a number of other research reports. National Bank Financial upgraded Dollarama from a "hold" rating to a "strong-buy" rating in a research note on Thursday, March 27th. National Bankshares upgraded Dollarama from a "sector perform" rating to an "outperform" rating and lifted their price objective for the stock from C$156.00 to C$166.00 in a report on Friday, March 28th. Jefferies Financial Group set a C$180.00 price objective on Dollarama and gave the stock a "buy" rating in a report on Thursday, April 10th. Stifel Nicolaus lifted their price objective on Dollarama from C$162.50 to C$190.00 in a report on Thursday. Finally, Royal Bank of Canada lifted their price objective on Dollarama from C$149.00 to C$183.00 in a report on Friday, April 4th. Four 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 data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and a consensus target price of C$186.36.

Dollarama Stock Down 0.1%

Shares of DOL stock traded down C$0.20 during trading hours on Thursday, reaching C$193.74. The company had a trading volume of 730,803 shares, compared to its average volume of 721,881. The company has a debt-to-equity ratio of 369.36, a quick ratio of 0.08 and a current ratio of 1.43. Dollarama has a twelve month low of C$119.88 and a twelve month high of C$196.46. The company has a market capitalization of C$53.54 billion, a P/E ratio of 49.34, a price-to-earnings-growth ratio of 1.93 and a beta of 0.56. The stock's fifty day simple moving average is C$171.10 and its 200 day simple moving average is C$153.37.

Insider Transactions at Dollarama

In related news, Senior Officer Mark Di Pesa sold 1,350 shares of the business's stock in a transaction that occurred on Wednesday, April 23rd. The stock was 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 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. In the last quarter, insiders sold 33,481 shares of company stock worth $5,508,667. 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.