Dollarama Upgraded to “Buy” at TD Securities (DOL)
Dollarama (TSE:DOL) was upgraded by research analysts at TD Securities from a “hold” rating to a “buy” rating in a report released on Monday, American Banking News reports. The firm currently has a C$98.00 price objective on the stock. TD Securities’ price target points to a potential upside of 18.44% from the stock’s previous close.
A number of other firms have also recently commented on DOL. Analysts at Scotiabank cut their price target on shares of Dollarama from C$97.00 to C$96.00 in a research note to investors on Monday. They now have an “outperform” rating on the stock. Separately, analysts at Raymond James upgraded shares of Dollarama from a “market perform” rating to an “outperform” rating in a research note to investors on Friday. They now have a C$90.00 price target on the stock, up previously from C$85.00. Finally, 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. One investment analyst has rated the stock with a hold rating and eleven have assigned a buy rating to the stock. Dollarama currently has an average rating of “Buy” and a consensus target price of C$92.30.
Shares of Dollarama (TSE:DOL) traded up 3.07% on Monday, hitting $85.28. 106,278 shares of the company’s stock traded hands. Dollarama has a 52-week low of $58.25 and a 52-week high of $90.74. The stock’s 50-day moving average is $85.7 and its 200-day moving average is $82.25. The company has a market cap of $6.052 billion and a price-to-earnings ratio of 24.62.
Dollarama Inc (TSE:DOL) is a dollar store operator in Canada.
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