Dollarama’s Sector Outperform Rating Reaffirmed at Scotiabank (DOL)
Dollarama (TSE:DOL)‘s stock had its “sector outperform” rating restated by equities researchers at Scotiabank in a research report issued on Friday. They currently have a C$111.00 price target on the stock, up from their previous price target of C$108.00. Scotiabank’s target price would suggest a potential upside of 21.48% from the company’s current price.
Shares of Dollarama (TSE:DOL) traded down 1.38% during mid-day trading on Friday, hitting $91.37. The stock had a trading volume of 178,171 shares. Dollarama has a 1-year low of $67.55 and a 1-year high of $96.67. The stock has a 50-day moving average of $91.91 and a 200-day moving average of $87.35. The company has a market cap of $6.217 billion and a price-to-earnings ratio of 26.62.
Dollarama (TSE:DOL) last issued its quarterly earnings data on Friday, June 13th. The company reported $0.78 EPS for the quarter, beating the Thomson Reuters consensus estimate of $0.77 by $0.01. Analysts expect that Dollarama will post $4.30 EPS for the current fiscal year.
Other equities research analysts have also recently issued reports about the stock. Analysts at National Bank Financial raised their price target on shares of Dollarama from C$99.00 to C$103.00 in a research note on Friday. They now have an “outperform” rating on the stock. Separately, analysts at Barclays cut their price target on shares of Dollarama from C$95.00 to C$94.00 in a research note on Friday. They now have an “equal weight” rating on the stock. Finally, 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. Three investment analysts have rated the stock with a hold rating and nine have given a buy rating to the company’s stock. The stock currently has an average rating of “Buy” and an average target price of C$100.18.
Dollarama Inc (TSE:DOL) is a dollar store operator in Canada.
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