Barclays PLC Boosts Dollarama Inc (DOL) Price Target to C$130.00
Dollarama Inc (TSE:DOL) had its price objective upped by stock analysts at Barclays PLC from C$123.00 to C$130.00 in a research report issued on Friday. Barclays PLC’s price target indicates a potential downside of 3.50% from the company’s current price.
A number of other equities analysts have also recently commented on the stock. BMO Capital Markets lifted their price objective on shares of Dollarama from C$122.00 to C$141.00 and gave the stock an “outperform” rating in a research note on Tuesday, June 6th. Royal Bank Of Canada lifted their price objective on shares of Dollarama from C$133.00 to C$138.00 in a research note on Thursday, May 25th. Raymond James Financial, Inc. lifted their price objective on shares of Dollarama from C$120.00 to C$135.00 and gave the stock an “outperform” rating in a research note on Friday, June 2nd. Canaccord Genuity lifted their price objective on shares of Dollarama from C$122.00 to C$140.00 and gave the stock a “buy” rating in a research note on Tuesday, June 6th. Finally, Scotiabank lifted their price objective on shares of Dollarama from C$141.00 to C$143.00 and gave the stock an “outperform” rating in a research note on Thursday, June 8th. Three analysts have rated the stock with a hold rating and eight have given a buy rating to the company. Dollarama presently has an average rating of “Buy” and a consensus target price of C$143.67.
Dollarama (DOL) traded up 3.46% during mid-day trading on Friday, reaching $139.38. 835,285 shares of the company’s stock traded hands. Dollarama has a one year low of $93.27 and a one year high of $139.93. The firm’s 50-day moving average price is $122.65 and its 200 day moving average price is $117.70. The firm has a market cap of $15.83 billion and a price-to-earnings ratio of 36.09.
Dollarama (TSE:DOL) last issued its quarterly earnings data on Wednesday, June 7th. The company reported $0.82 EPS for the quarter, topping analysts’ consensus estimates of $0.79 by $0.03. Dollarama had a net margin of 13.43% and a return on equity of 559.12%. The business had revenue of $704.95 million during the quarter, compared to analysts’ expectations of $712.60 million. On average, equities analysts forecast that Dollarama will post $4.37 EPS for the current year.
In other Dollarama news, Director Nicolas Hien sold 1,750 shares of the business’s stock in a transaction dated Monday, July 17th. The shares were sold at an average price of C$122.83, for a total value of C$214,952.50.
Dollarama Inc is a Canada-based holding company. The Company operates dollar stores. It has approximately 1,030 stores in operation in Canada. Its stores have an average area of approximately 9,942 square feet, and offer a range of consumer products, general merchandise and seasonal items, including private label and nationally branded products.
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