Dollarama Inc (TSE:DOL) had its target price hoisted by research analysts at Eight Capital from C$140.00 to C$150.00 in a note issued to investors on Friday. Eight Capital’s price target suggests a potential upside of 11.34% from the stock’s current price.

A number of other equities analysts have also recently commented on the stock. Raymond James Financial, Inc. lifted their target price on shares of Dollarama from C$140.00 to C$143.00 in a report on Friday. CIBC boosted their price objective on shares of Dollarama from C$141.00 to C$157.00 in a research note on Friday. National Bank Financial boosted their price objective on shares of Dollarama from C$140.00 to C$145.00 in a research note on Friday. TD Securities boosted their price objective on shares of Dollarama from C$125.00 to C$135.00 in a research note on Thursday, June 8th. Finally, Scotiabank boosted their price objective on shares of Dollarama from C$141.00 to C$143.00 and gave the company an “outperform” rating in a research note on Thursday, June 8th. Three research analysts have rated the stock with a hold rating and eight have given a buy rating to the stock. The stock presently has a consensus rating of “Buy” and an average target price of C$143.67.

Shares of Dollarama (TSE:DOL) traded up 3.46% on Friday, reaching $139.38. 835,285 shares of the company’s stock were exchanged. The firm has a market capitalization of $15.83 billion and a P/E ratio of 36.09. The firm has a 50 day moving average of $122.65 and a 200 day moving average of $117.70. Dollarama has a one year low of $93.27 and a one year high of $139.93.

Dollarama (TSE:DOL) last announced its earnings results on Wednesday, June 7th. The company reported $0.82 EPS for the quarter, beating analysts’ consensus estimates of $0.79 by $0.03. The business had revenue of $704.95 million for the quarter, compared to analysts’ expectations of $712.60 million. Dollarama had a net margin of 13.43% and a return on equity of 559.12%. On average, equities research analysts predict that Dollarama will post $4.37 EPS for the current year.

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In other Dollarama news, Director Nicolas Hien sold 1,750 shares of the business’s stock in a transaction on Monday, July 17th. The shares were sold at an average price of C$122.83, for a total transaction of C$214,952.50.

About Dollarama

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.

Analyst Recommendations for Dollarama (TSE:DOL)

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