Dollarama (OTCMKTS:DLMAF) Rating Increased to Moderate Buy at Royal Bank Of Canada

Dollarama (OTCMKTS:DLMAF) was upgraded by investment analysts at Royal Bank Of Canada to a “moderate buy” rating in a note issued to investors on Monday,Zacks.com reports.

Other analysts also recently issued reports about the stock. TD Securities reissued a “buy” rating on shares of Dollarama in a research report on Friday, December 12th. Canadian Imperial Bank of Commerce reiterated an “outperform” rating on shares of Dollarama in a report on Friday, December 12th. National Bank Financial restated an “outperform” rating on shares of Dollarama in a report on Thursday, December 4th. Finally, Scotiabank reaffirmed an “outperform” rating on shares of Dollarama in a research report on Friday, December 12th. Eight analysts have rated the stock with a Buy rating, According to MarketBeat, the stock has a consensus rating of “Buy”.

Dollarama Trading Up 1.1%

OTCMKTS:DLMAF opened at $144.51 on Monday. The company has a market capitalization of $39.44 billion and a P/E ratio of 172.04. The stock’s 50 day moving average price is $142.11 and its 200 day moving average price is $139.08. The company has a debt-to-equity ratio of 3.55, a quick ratio of 0.23 and a current ratio of 1.09. Dollarama has a 52 week low of $103.36 and a 52 week high of $160.86.

About Dollarama

Dollarama Inc operates as a leading Canadian dollar store chain, offering a variety of everyday consumer goods at fixed price points. The company’s retail format emphasizes value and convenience, providing a one-stop shopping experience for cost-conscious customers. Merchandise spans multiple categories, including household items, food and consumables, health and beauty products, stationery, seasonal and party supplies, and toys.

Founded in 1992 by Laurent “Larry” Rossy, Dollarama opened its first location in Montreal, Quebec.