Dollarama (TSE:DOL) Upgraded at Sanford C. Bernstein

Key Points

• Dollarama has been upgraded to a "strong-buy" rating by Sanford C. Bernstein, indicating positive investor sentiment towards the stock.
• Research reports from various analysts show a range of price targets for Dollarama, with BMO Capital Markets increasing its target from C$170.00 to C$215.00.
• The company's current average rating is "Moderate Buy," with a consensus price target of C$201.00 amidst its market cap of C$52.23 billion.

Dollarama (TSE:DOL - Get Free Report) was upgraded by analysts at Sanford C. Bernstein to a "strong-buy" rating in a report released on Tuesday,Zacks.com reports.

DOL has been the subject of several other research reports. TD Securities raised their target price on shares of Dollarama from C$185.00 to C$210.00 and gave the stock a "buy" rating in a report on Thursday, June 12th. Royal Bank Of Canada raised their target price on shares of Dollarama from C$207.00 to C$212.00 and gave the stock an "outperform" rating in a report on Tuesday, August 26th. Jefferies Financial Group raised their target price on shares of Dollarama from C$180.00 to C$223.00 in a report on Thursday, June 12th. Stifel Nicolaus raised their target price on shares of Dollarama from C$162.50 to C$190.00 in a report on Thursday, June 12th. Finally, UBS Group raised their target price on shares of Dollarama from C$165.00 to C$196.00 in a report on Thursday, June 12th. Two equities research analysts have rated the stock with a Strong Buy rating, six have assigned a Buy rating and four have assigned a Hold rating to the stock. According to MarketBeat, the company currently has a consensus rating of "Moderate Buy" and a consensus target price of C$201.00.

Dollarama Price Performance

DOL stock traded down C$1.30 during trading on Tuesday, hitting C$188.36. 152,619 shares of the company's stock traded hands, compared to its average volume of 647,581. Dollarama has a 52 week low of C$132.37 and a 52 week high of C$198.66. The company has a debt-to-equity ratio of 369.36, a quick ratio of 0.08 and a current ratio of 1.43. The business has a fifty day simple moving average of C$189.78 and a 200 day simple moving average of C$177.30. The stock has a market capitalization of C$52.03 billion, a price-to-earnings ratio of 41.76, a P/E/G ratio of 1.93 and a beta of 0.13.

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.