Scotiabank Reiterates “Sector Outperform” Rating for Dollarama (DOL)
Dollarama (TSE:DOL)‘s stock had its “sector outperform” rating reiterated by equities researchers at Scotiabank in a research report issued on Monday, Analyst RN reports. They currently have a C$96.00 price objective on the stock, down from their previous price objective of C$97.00. Scotiabank’s price objective suggests a potential upside of 12.93% from the company’s current price.
Dollarama (TSE:DOL) opened at 85.01 on Monday. 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 $85.75 and its 200-day moving average is $82.4. The company has a market cap of $6.033 billion and a price-to-earnings ratio of 24.62.
Other equities research analysts have also recently issued reports about the stock. 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. Separately, 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. Finally, analysts at RBC Capital reiterated an “outperform” rating on shares of Dollarama in a research note to investors on Friday, December 6th. One equities research analyst has rated the stock with a hold rating and eleven have issued a buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and a consensus price target of C$92.30.
Dollarama Inc (TSE:DOL) is a dollar store operator in Canada.
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