Dollarama (TSE:DOL) Share Price Passes Above 200 Day Moving Average – Here’s Why

Dollarama Inc. (TSE:DOL)’s stock price passed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of C$191.92 and traded as high as C$203.50. Dollarama shares last traded at C$200.82, with a volume of 1,490,952 shares trading hands.

Analysts Set New Price Targets

A number of research firms have recently issued reports on DOL. Canadian Imperial Bank of Commerce raised their target price on shares of Dollarama from C$199.00 to C$212.00 and gave the stock a “neutral” rating in a research note on Friday, December 12th. Jefferies Financial Group raised their price objective on shares of Dollarama from C$223.00 to C$235.00 in a research report on Friday, December 12th. National Bank Financial upped their target price on Dollarama from C$214.00 to C$226.00 and gave the company an “outperform” rating in a research report on Friday, December 12th. Scotiabank increased their target price on Dollarama from C$205.00 to C$220.00 and gave the stock an “outperform” rating in a research note on Friday, December 12th. Finally, BMO Capital Markets boosted their price target on Dollarama from C$215.00 to C$222.00 in a research note on Wednesday, December 3rd. One equities research analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating and four have given a Hold rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of C$216.15.

Dollarama Price Performance

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 company’s fifty day moving average price is C$196.19 and its 200 day moving average price is C$191.92. The company has a market capitalization of C$54.94 billion, a P/E ratio of 42.73, a PEG ratio of 1.93 and a beta of -0.07.

Dollarama (TSE:DOL) last issued its quarterly earnings results on Thursday, December 11th. The company reported C$1.17 earnings per share (EPS) for the quarter. Dollarama had a return on equity of 135.38% and a net margin of 17.85%.The business had revenue of C$1.91 billion for the quarter. As a group, sell-side analysts forecast that Dollarama Inc. will post 5.3295203 EPS for the current year.

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. The company’s stores are throughout Canada, generally located in convenient locations, such as metropolitan areas, midsize cities, and small towns.