Dollarama (DOL) Receives Consensus Rating of “Buy” from Analysts

Dollarama (TSE:DOL) has been given an average recommendation of “Buy” by the twelve ratings firms that are currently covering the company, Marketbeat reports. Three equities research analysts have rated the stock with a hold recommendation and three have issued a buy recommendation on the company. The average 12-month target price among analysts that have updated their coverage on the stock in the last year is C$165.25.

Several research analysts recently commented on the company. Raymond James Financial increased their price objective on Dollarama from C$165.00 to C$167.00 and gave the company an “outperform” rating in a research note on Monday, April 2nd. Scotiabank increased their price objective on Dollarama from C$165.00 to C$169.00 and gave the company an “outperform” rating in a research note on Monday, April 2nd. BMO Capital Markets reissued a “market perform” rating and issued a C$152.00 price objective on shares of Dollarama in a research note on Monday, April 2nd. National Bank Financial increased their price objective on Dollarama from C$161.00 to C$167.00 and gave the company an “outperform” rating in a research note on Monday, April 2nd. Finally, CIBC increased their price objective on Dollarama from C$168.00 to C$178.00 in a research note on Monday, April 2nd.

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TSE DOL traded down C$0.19 during mid-day trading on Friday, hitting C$153.30. The stock had a trading volume of 217,981 shares, compared to its average volume of 365,638. Dollarama has a twelve month low of C$113.76 and a twelve month high of C$170.00.

The business also recently announced a quarterly dividend, which will be paid on Wednesday, May 2nd. Shareholders of record on Friday, April 20th will be issued a $0.12 dividend. This is a boost from Dollarama’s previous quarterly dividend of $0.11. This represents a $0.48 annualized dividend and a yield of 0.31%. The ex-dividend date is Thursday, April 19th.

In other Dollarama news, Director John Huw Thomas sold 2,000 shares of the company’s stock in a transaction on Thursday, January 25th. The stock was sold at an average price of C$164.46, for a total value of C$328,920.00. Also, insider Geoffrey Peter Robillard sold 15,000 shares of the company’s stock in a transaction on Wednesday, January 24th. The shares were sold at an average price of C$162.91, for a total value of C$2,443,650.00. Over the last 90 days, insiders sold 19,000 shares of company stock valued at $3,094,570.

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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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