Desjardins Analysts Give Dollarama (TSE:DOL) a C$93.00 Price Target

Dollarama (TSE:DOL) has been assigned a C$93.00 price target by equities researchers at Desjardins in a report released on Monday, BayStreet.CA reports. The firm currently has a “buy” rating on the stock. Desjardins’ price objective points to a potential upside of 5.53% from the stock’s previous close.

Several other analysts also recently weighed in on the stock. Scotiabank lifted their price target on shares of Dollarama from C$93.00 to C$95.00 in a research note on Tuesday, May 30th. National Bankshares lifted their price target on shares of Dollarama from C$95.00 to C$97.00 and gave the company an “outperform” rating in a research note on Thursday, August 31st. Royal Bank of Canada lifted their price target on shares of Dollarama from C$98.00 to C$101.00 and gave the company an “outperform” rating in a research note on Thursday, June 8th. Stifel Nicolaus lifted their price target on shares of Dollarama from C$94.00 to C$96.00 in a research note on Thursday, June 8th. Finally, Canaccord Genuity Group lifted their price target on shares of Dollarama from C$82.00 to C$85.00 in a research note on Thursday, June 8th. Two investment analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of C$92.70.

Dollarama Trading Up 0.7 %

Shares of Dollarama stock traded up C$0.57 on Monday, hitting C$88.13. 296,408 shares of the company traded hands, compared to its average volume of 571,259. The stock’s 50 day moving average price is C$87.08 and its 200-day moving average price is C$83.98. The company has a current ratio of 1.13, a quick ratio of 0.08 and a debt-to-equity ratio of 1,949.93. Dollarama has a 52 week low of C$74.36 and a 52 week high of C$90.00. The company has a market cap of C$24.97 billion, a PE ratio of 30.39, a PEG ratio of 1.93 and a beta of 0.73.

About Dollarama

Dollarama Inc operates a chain of dollar stores in Canada. Its stores offer general merchandise, consumables, and seasonal products. It also sells its products through online store. The company was formerly known as Dollarama Capital Corporation and changed its name to Dollarama Inc in September 2009.