Dollarama Inc (DOL) Price Target Raised to C$157.00
Dollarama Inc (TSE:DOL) had its price target boosted by analysts at CIBC from C$141.00 to C$157.00 in a report issued on Friday. CIBC’s price objective would indicate a potential upside of 16.54% from the company’s current price.
DOL has been the subject of several other reports. BMO Capital Markets raised their target price on Dollarama from C$122.00 to C$141.00 and gave the stock an “outperform” rating in a research report on Tuesday, June 6th. Canaccord Genuity raised their target price on Dollarama from C$122.00 to C$140.00 and gave the stock a “buy” rating in a research report on Tuesday, June 6th. TD Securities raised their target price on Dollarama from C$125.00 to C$135.00 in a research report on Thursday, June 8th. Raymond James Financial, Inc. raised their target price on Dollarama from C$135.00 to C$140.00 in a research report on Thursday, June 8th. Finally, Scotiabank raised their target price on Dollarama from C$141.00 to C$143.00 and gave the stock an “outperform” rating in a research report on Thursday, June 8th. Three research analysts have rated the stock with a hold rating and eight have issued a buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and a consensus price target of C$143.67.
Shares of Dollarama (DOL) traded up 3.46% during mid-day trading on Friday, reaching $139.38. The company had a trading volume of 835,285 shares. The stock has a market capitalization of $15.83 billion and a P/E ratio of 36.09. The firm’s 50 day moving average is $122.65 and its 200-day moving average is $117.70. Dollarama has a 12-month low of $93.27 and a 12-month high of $139.93.
Dollarama (TSE:DOL) last announced its earnings results on Wednesday, June 7th. The company reported $0.82 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.79 by $0.03. The business had revenue of $704.95 million during the quarter, compared to analyst estimates of $712.60 million. Dollarama had a return on equity of 559.12% and a net margin of 13.43%. On average, analysts expect that Dollarama will post $4.37 earnings per share for the current fiscal year.
In related news, Director Nicolas Hien sold 1,750 shares of the business’s stock in a transaction dated Monday, July 17th. The stock was 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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