Dollarama Upgraded to “Outperform” at Raymond James (DOL)
Dollarama (TSE:DOL) was upgraded by equities research analysts at Raymond James from a “market perform” rating to an “outperform” rating in a research note issued to investors on Friday, Analyst RN reports. The firm currently has a C$90.00 price target on the stock. Raymond James’ price objective would indicate a potential upside of 8.33% from the company’s current price.
DOL has been the subject of a number of other recent research reports. Analysts at National Bank Financial cut their price target on shares of Dollarama from C$97.00 to C$95.00 in a research note to investors on Saturday, December 7th. They now have an “outperform” rating on the stock. Separately, analysts at RBC Capital reiterated an “outperform” rating on shares of Dollarama in a research note to investors on Friday, December 6th. Finally, analysts at CIBC reiterated a “sector outperform” rating on shares of Dollarama in a research note to investors on Friday, December 6th. Two research analysts have rated the stock with a hold rating and ten have given a buy rating to the company. Dollarama currently has a consensus rating of “Buy” and a consensus target price of C$91.89.
Dollarama (TSE:DOL) traded down 0.70% on Friday, hitting $82.50. 466,923 shares of the company’s stock traded hands. Dollarama has a one year low of $58.25 and a one year high of $90.74. The stock’s 50-day moving average is $85.86 and its 200-day moving average is $82.25. The company has a market cap of $5.855 billion and a P/E ratio of 24.73.
The company also recently declared a dividend, which is scheduled for Wednesday, February 5th. Investors of record on Friday, January 10th will be given a dividend of 0.1313 per share. The ex-dividend date of this dividend is Wednesday, January 8th.
Dollarama Inc (TSE:DOL) is a dollar store operator in Canada.
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