Barclays Lowers Dollarama Price Target to C$94.00 (DOL)
Equities research analysts at Barclays dropped their price objective on shares of Dollarama (TSE:DOL) from C$95.00 to C$94.00 in a research note issued to investors on Friday. The firm currently has an “equal weight” rating on the stock. Barclays’ price target would indicate a potential upside of 1.46% from the company’s current price.
Dollarama (TSE:DOL) traded down 1.30% during mid-day trading on Friday, hitting $91.45. The stock had a trading volume of 148,654 shares. Dollarama has a 52-week low of $67.55 and a 52-week high of $96.67. The stock has a 50-day moving average of $91.93 and a 200-day moving average of $87.32. The company has a market cap of $6.223 billion and a P/E ratio of 26.62.
Dollarama (TSE:DOL) last issued its quarterly earnings data on Friday, June 13th. The company reported $0.78 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.77 by $0.01. On average, analysts predict that Dollarama will post $4.30 earnings per share for the current fiscal year.
A number of other analysts have also recently weighed in on DOL. Analysts at Scotiabank reiterated a “sector outperform” rating on shares of Dollarama in a research note on Thursday, April 10th. Separately, analysts at Desjardins downgraded shares of Dollarama from a “buy” rating to a “hold” rating in a research note on Thursday, April 10th. They now have a C$96.00 price target on the stock, up previously from C$94.00. Finally, analysts at BMO Capital Markets raised their price target on shares of Dollarama from C$85.00 to C$92.00 in a research note on Thursday, April 10th. They now have a “market perform” rating on the stock. Three investment analysts have rated the stock with a hold rating and nine have given a buy rating to the company. Dollarama currently has an average rating of “Buy” and a consensus target price of C$100.18.
Dollarama Inc (TSE:DOL) is a dollar store operator in Canada.
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