National Bank Financial Increases Dollarama Price Target to C$103.00 (DOL)
National Bank Financial increased their price target on shares of Dollarama (TSE:DOL) from C$99.00 to C$103.00 in a research note issued on Friday. The firm currently has an “outperform” rating on the stock. National Bank Financial’s target price would suggest a potential upside of 11.17% 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 announced its earnings results on Friday, June 13th. The company reported $0.78 earnings per share for the quarter, beating the analysts’ consensus estimate of $0.77 by $0.01. Analysts expect that Dollarama will post $4.30 EPS for the current fiscal year.
Several other analysts have also recently commented on the stock. 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. Separately, analysts at Scotiabank reiterated a “sector outperform” rating on shares of Dollarama in a research note on Thursday, April 10th. 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 research analysts have rated the stock with a hold rating and nine have issued a buy rating to the company’s stock. Dollarama presently has a consensus rating of “Buy” and an average price target of C$100.18.
Dollarama Inc (TSE:DOL) is a dollar store operator in Canada.
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