Dollarama (TSE:DOL) PT Set at C$220.00 by Sanford C. Bernstein

Key Points

• Sanford C. Bernstein has set a price target of C$220.00 for Dollarama, indicating a potential upside of 16.43% from its previous close.
• The stock currently has an average rating of "Moderate Buy" among analysts, with one Strong Buy, seven Buy, and four Hold ratings.
• Director John Assaly sold approximately 90.33% of their shares, reducing their ownership significantly.

Dollarama (TSE:DOL - Get Free Report) has been assigned a C$220.00 price objective by stock analysts at Sanford C. Bernstein in a research report issued on Wednesday,BayStreet.CA reports. The firm currently has an "outperform" rating on the stock. Sanford C. Bernstein's price target indicates a potential upside of 16.00% from the stock's previous close.

DOL has been the topic of several other reports. Jefferies Financial Group increased their price target on shares of Dollarama from C$180.00 to C$223.00 in a research report on Thursday, June 12th. UBS Group upped their price objective on shares of Dollarama from C$165.00 to C$196.00 in a research note on Thursday, June 12th. TD Securities increased their price target on shares of Dollarama from C$185.00 to C$210.00 and gave the company a "buy" rating in a report on Thursday, June 12th. Stifel Nicolaus increased their target price on shares of Dollarama from C$162.50 to C$190.00 in a research report on Thursday, June 12th. Finally, Scotiabank lowered their price target on shares of Dollarama from C$210.00 to C$205.00 and set an "outperform" rating for the company in a research report on Thursday, August 28th. Two research analysts have rated the stock with a Strong Buy rating, six have given a Buy rating and four have given a Hold rating to the company. According to MarketBeat, the stock has an average rating of "Moderate Buy" and an average price target of C$201.00.

Dollarama Price Performance

DOL stock traded up C$2.26 during trading on Wednesday, hitting C$189.66. The stock had a trading volume of 2,071,367 shares, compared to its average volume of 650,359. Dollarama has a twelve month low of C$132.37 and a twelve month high of C$198.66. The company has a debt-to-equity ratio of 369.36, a current ratio of 1.43 and a quick ratio of 0.08. The stock has a market capitalization of C$52.39 billion, a P/E ratio of 42.05, a PEG ratio of 1.93 and a beta of 0.13. The company's 50-day moving average price is C$189.78 and its two-hundred day moving average price is C$177.14.

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.