Dollarama Inc. (TSE:DOL) Receives C$208.50 Average Price Target from Analysts

Shares of Dollarama Inc. (TSE:DOL) have been assigned a consensus recommendation of “Moderate Buy” from the eleven research firms that are covering the stock, MarketBeat reports. Three research analysts have rated the stock with a hold rating, six have assigned a buy rating and two have given a strong buy rating to the company. The average twelve-month price target among analysts that have issued ratings on the stock in the last year is C$208.50.

Several equities research analysts have commented on DOL shares. Canaccord Genuity Group cut their price objective on Dollarama from C$200.00 to C$195.00 and set a “hold” rating for the company in a research note on Thursday, August 28th. National Bankshares boosted their price target on Dollarama from C$203.00 to C$214.00 and gave the stock an “outperform” rating in a research report on Thursday, December 4th. Desjardins set a C$205.00 price objective on Dollarama and gave the company a “buy” rating in a research note on Thursday, August 21st. BMO Capital Markets raised their price objective on Dollarama from C$215.00 to C$222.00 in a report on Wednesday, December 3rd. Finally, CIBC dropped their target price on shares of Dollarama from C$204.00 to C$199.00 and set a “neutral” rating for the company in a report on Thursday, August 28th.

Dollarama Stock Down 1.3%

Shares of TSE DOL opened at C$199.31 on Friday. The company’s 50-day simple moving average is C$188.20 and its 200-day simple moving average is C$188.09. Dollarama has a 52-week low of C$132.37 and a 52-week high of C$204.35. The firm has a market cap of C$55.06 billion, a price-to-earnings ratio of 44.19, a price-to-earnings-growth ratio of 1.93 and a beta of 0.10. The company has a quick ratio of 0.08, a current ratio of 1.43 and a debt-to-equity ratio of 369.36.

Dollarama Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, November 7th. Investors of record on Friday, November 7th were paid a dividend of $0.1058 per share. This represents a $0.42 annualized dividend and a yield of 0.2%. The ex-dividend date of this dividend was Friday, October 10th. Dollarama’s dividend payout ratio is currently 8.77%.

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.