Dollarama (TSE:DOL) Stock Price Crosses Above Two Hundred Day Moving Average – Should You Sell?

Dollarama Inc. (TSE:DOL) shares crossed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of C$191.38 and traded as high as C$198.99. Dollarama shares last traded at C$196.24, with a volume of 552,407 shares.

Wall Street Analyst Weigh In

Several analysts recently commented on the company. Canaccord Genuity Group boosted their price target on Dollarama from C$198.00 to C$207.00 in a research note on Friday, December 12th. BMO Capital Markets lifted their price target on shares of Dollarama from C$215.00 to C$222.00 in a report on Wednesday, December 3rd. TD Securities upped their price objective on shares of Dollarama from C$210.00 to C$235.00 and gave the stock a “buy” rating in a research note on Friday, December 12th. Sanford C. Bernstein raised their price objective on shares of Dollarama from C$223.00 to C$232.00 in a report on Friday, December 12th. Finally, Stifel Nicolaus boosted their target price on Dollarama from C$190.00 to C$200.00 and gave the stock a “hold” rating in a report on Friday, December 12th. Two research analysts have rated the stock with a Strong Buy rating, six have given a Buy rating and four have assigned a Hold rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of C$216.15.

Dollarama Price Performance

The company has a current ratio of 1.43, a quick ratio of 0.08 and a debt-to-equity ratio of 369.36. The firm has a market cap of C$53.69 billion, a price-to-earnings ratio of 41.75, a P/E/G ratio of 1.93 and a beta of 0.00. The company has a 50 day moving average of C$199.87 and a 200 day moving average of C$191.38.

Dollarama (TSE:DOL) last posted its quarterly earnings data on Thursday, December 11th. The company reported C$1.17 EPS for the quarter. The company had revenue of C$1.91 billion during the quarter. Dollarama had a net margin of 17.85% and a return on equity of 135.38%. Equities research analysts predict that Dollarama Inc. will post 5.3295203 EPS for the current fiscal 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.