Dollarama (DOL) Price Target Raised to C$161.00 at National Bank Financial

Dollarama (TSE:DOL) had its target price boosted by research analysts at National Bank Financial from C$160.00 to C$161.00 in a research report issued to clients and investors on Thursday. The firm currently has an “outperform” rating on the stock. National Bank Financial’s price objective indicates a potential upside of 7.53% from the stock’s previous close. National Bank Financial also issued estimates for Dollarama’s Q4 2018 earnings at $1.42 EPS, Q2 2019 earnings at $1.30 EPS and Q4 2019 earnings at $1.57 EPS.

A number of other analysts have also recently issued reports on DOL. CIBC raised their target price on shares of Dollarama from C$141.00 to C$157.00 in a research note on Friday, September 8th. Raymond James Financial lifted their price objective on shares of Dollarama from C$140.00 to C$143.00 in a research note on Friday, September 8th. Eight Capital lifted their price objective on shares of Dollarama from C$140.00 to C$150.00 in a research note on Friday, September 8th. Desjardins upgraded shares of Dollarama from a “hold” rating to a “buy” rating and lifted their price objective for the stock from C$134.00 to C$154.00 in a research note on Friday, September 8th. Finally, BMO Capital Markets lifted their price objective on shares of Dollarama from C$141.00 to C$150.00 in a research note on Friday, September 8th. Four research analysts have rated the stock with a hold rating and eight have given a buy rating to the stock. Dollarama presently has a consensus rating of “Buy” and a consensus price target of C$161.42.

Dollarama (TSE DOL) traded down C$3.24 during midday trading on Thursday, hitting C$149.73. 1,394,341 shares of the stock were exchanged, compared to its average volume of 356,253. Dollarama has a one year low of C$96.50 and a one year high of C$166.62.

In other Dollarama news, insider Geoffrey Peter Robillard sold 5,000 shares of the firm’s stock in a transaction dated Tuesday, September 12th. The shares were sold at an average price of C$133.99, for a total value of C$669,950.00.

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About Dollarama

Dollarama Inc is a Canada-based holding company. The Company operates dollar stores. It has approximately 1,030 stores in operation in Canada. Its stores have an average area of approximately 9,942 square feet, and offer a range of consumer products, general merchandise and seasonal items, including private label and nationally branded products.

Analyst Recommendations for Dollarama (TSE:DOL)

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