BMO Capital Markets Reaffirms Outperform Rating for Dollarama Inc (DOL)
Dollarama Inc (TSE:DOL)‘s stock had its “outperform” rating reiterated by BMO Capital Markets in a research note issued to investors on Monday, StockTargetPrices.com reports. They currently have a C$155.00 price target on the stock. BMO Capital Markets’ target price would indicate a potential upside of 9.52% from the stock’s current price.
A number of other research analysts have also commented on the stock. Desjardins raised shares of Dollarama from a “hold” rating to a “buy” rating and upped their price objective for the company from C$134.00 to C$154.00 in a research report on Friday, September 8th. Raymond James Financial, Inc. upped their price objective on shares of Dollarama from C$140.00 to C$143.00 in a research report on Friday, September 8th. Eight Capital upped their target price on shares of Dollarama from C$140.00 to C$150.00 in a research note on Friday, September 8th. TD Securities upped their target price on shares of Dollarama from C$135.00 to C$150.00 and gave the company a “hold” rating in a research note on Friday, September 8th. Finally, Barclays PLC upped their target price on shares of Dollarama from C$123.00 to C$130.00 in a research note on Friday, September 8th. Three research analysts have rated the stock with a hold rating and eight have given a buy rating to the company. The company presently has a consensus rating of “Buy” and an average target price of C$144.08.
Shares of Dollarama (DOL) traded up 2.68% during mid-day trading on Monday, hitting $141.73. The stock had a trading volume of 213,125 shares. The company has a market cap of $15.92 billion and a PE ratio of 34.23. Dollarama has a one year low of $93.27 and a one year high of $141.84. The firm’s 50 day moving average price is $133.83 and its 200-day moving average price is $124.50.
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In other news, insider Geoffrey Peter Robillard sold 5,000 shares of the stock in a transaction that occurred on Tuesday, September 12th. The shares were sold at an average price of C$133.99, for a total transaction of C$669,950.00.
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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