Dollarama (TSE:DOL) had its price target raised by investment analysts at TD Securities from C$45.00 to C$48.00 in a report issued on Friday, BayStreet.CA reports. The firm presently has a “hold” rating on the stock. TD Securities’ target price would indicate a potential upside of 2.72% from the stock’s previous close.
A number of other research analysts also recently commented on the stock. Royal Bank of Canada increased their price objective on shares of Dollarama from C$46.00 to C$51.00 and gave the company an “outperform” rating in a research note on Friday, June 7th. CIBC increased their price objective on shares of Dollarama from C$37.00 to C$44.00 and gave the stock a “neutral” rating in a report on Thursday, June 6th. Raymond James increased their price objective on shares of Dollarama from C$40.00 to C$45.00 and gave the stock an “outperform” rating in a report on Thursday, June 6th. BMO Capital Markets raised their target price on shares of Dollarama from C$35.00 to C$45.00 and gave the company a “market perform” rating in a research note on Wednesday, June 5th. Finally, National Bank Financial raised their price objective on shares of Dollarama from C$41.00 to C$44.00 and gave the company an “outperform” rating in a research report on Monday, June 3rd. Four analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. Dollarama currently has an average rating of “Buy” and a consensus price target of C$48.14.
Shares of TSE:DOL traded down C$0.26 during trading on Friday, reaching C$46.73. The stock had a trading volume of 994,905 shares, compared to its average volume of 829,160. The firm has a market cap of $15.03 billion and a PE ratio of 27.98. Dollarama has a fifty-two week low of C$30.70 and a fifty-two week high of C$54.00.
Dollarama Company Profile
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 March 28, 2019, it operated 1,225 stores. The company was formerly known as Dollarama Capital Corporation and changed its name to Dollarama Inc in September 2009.
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