Dollarama Inc. (TSE:DOL – Get Rating) shares received an average “buy” recommendation from the eleven brokerages that cover the company, MarketBeat Ratings reports. Three equity research analysts rated the stock with a hold recommendation and five gave the company a buy recommendation. The 1-year average target price among brokers who updated their coverage on the stock in the last year is CA$73.20.

Several analysts have published reports on the company. Royal Bank of Canada raised its price target on Dollarama from CA$77.00 to CA$79.00 and gave the company an “outperform” rating in a Thursday, March 31 research note. BMO Capital Markets raised its price target on Dollarama from C$71.00 to C$77.00 in a Thursday, March 31 research note. Scotiabank raised its price target on Dollarama from C$72.00 to C$79.00 in a Thursday, March 31 research note. Canaccord Genuity Group raised its price target on Dollarama from C$65.00 to C$70.00 in a Thursday, March 31 research note. Finally, CIBC raised its price target on Dollarama from C$68.00 to C$74.00 and gave the stock a “neutral” rating in a Thursday, March 31 research report.

Shares of TSE DOL opened at C$75.50 on Friday. The stock’s 50-day moving average price is C$69.23 and its 200-day moving average price is C$63.06. Dollarama has a 52-week low of C$52.22 and a 52-week high of C$76.80. The stock has a market capitalization of C$22.11 billion and a P/E ratio of 37.54. The company has a quick ratio of 0.22, a current ratio of 1.32 and a debt ratio of 18,873.64.

The company also recently announced a quarterly dividend, which will be paid on Friday, May 6. Investors of record on Friday, April 15 will receive a dividend of $0.055. This is a boost from Dollarama’s previous quarterly dividend of $0.05. This represents an annualized dividend of $0.22 and a yield of 0.29%. The ex-dividend date is Wednesday, April 13. Dollarama’s dividend payout ratio (DPR) is currently 10.00%.

About Dollarama (Get an assessment)

Dollarama Inc operates a chain of dollar stores in Canada. Its stores offer general merchandise, consumables and seasonal items. The company also offers products online. As of January 31, 2021, it operated 1,355 stores. The company was previously known as Dollarama Capital Corporation and changed its name to Dollarama Inc in September 2009.

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