Dollarama (DOL) Given New C$46.00 Price Target at Royal Bank of Canada

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Dollarama (TSE:DOL) had its price objective lowered by investment analysts at Royal Bank of Canada from C$49.00 to C$46.00 in a research note issued to investors on Wednesday. The brokerage currently has an “outperform” rating on the stock. Royal Bank of Canada’s target price points to a potential upside of 31.88% from the stock’s previous close.

A number of other research firms also recently weighed in on DOL. Desjardins upgraded Dollarama from a “hold” rating to a “buy” rating in a research report on Tuesday, December 4th. National Bank Financial dropped their target price on Dollarama from C$48.00 to C$44.00 and set a “sector perform” rating for the company in a research report on Friday, November 30th. TD Securities dropped their target price on Dollarama from C$49.00 to C$44.00 and set a “hold” rating for the company in a research report on Monday, November 26th. CIBC dropped their target price on Dollarama from C$46.00 to C$40.00 and set a “neutral” rating for the company in a research report on Friday, November 23rd. Finally, Raymond James dropped their target price on Dollarama from C$50.00 to C$42.00 and set an “outperform” rating for the company in a research report on Friday, December 7th. Three equities research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company’s stock. The company has an average rating of “Buy” and an average price target of C$53.96.

DOL stock opened at C$34.88 on Wednesday. The firm has a market cap of $11.28 billion and a PE ratio of 21.53. Dollarama has a twelve month low of C$30.70 and a twelve month high of C$54.95.

In other news, Director John Huw Thomas sold 12,000 shares of the business’s stock in a transaction on Thursday, January 10th. The stock was sold at an average price of C$34.51, for a total transaction of C$414,084.00. Following the completion of the sale, the director now owns 37,200 shares in the company, valued at C$1,283,660.40.

Dollarama Company Profile

Dollarama Inc operates a chain of dollar stores in Canada. The company's stores offer consumer products, general merchandise, and seasonal items, including private label and branded products. As of October 28, 2018, it operated 1,192 stores. The company was formerly known as Dollarama Capital Corporation and changed its name to Dollarama Inc in September 2009.

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Analyst Recommendations for Dollarama (TSE:DOL)

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