CIBC Increases Dollarama (DOL) Price Target to C$168.00
Dollarama (TSE:DOL) had its price objective increased by equities researchers at CIBC from C$157.00 to C$168.00 in a research report issued to clients and investors on Thursday. The brokerage currently has an “outperform” rating on the stock. CIBC’s price target indicates a potential upside of 7.33% from the stock’s current price.
Other equities analysts have also issued reports about the stock. Desjardins raised their price objective on shares of Dollarama from C$154.00 to C$165.00 in a research report on Thursday. BMO Capital Markets cut their price objective on shares of Dollarama from C$155.00 to C$152.00 and set a “market perform” rating for the company in a research report on Thursday. National Bank Financial raised their price objective on shares of Dollarama from C$160.00 to C$161.00 and gave the company an “outperform” rating in a research report on Thursday. Canaccord Genuity raised their price objective on shares of Dollarama from C$150.00 to C$178.00 in a research report on Thursday, November 30th. Finally, Eight Capital raised their price objective on shares of Dollarama from C$140.00 to C$150.00 in a research report on Friday, September 8th. Four research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the stock. The stock currently has a consensus rating of “Buy” and a consensus target price of C$161.42.
Dollarama (TSE:DOL) traded up C$6.80 during mid-day trading on Thursday, hitting C$156.53. 447,221 shares of the stock were exchanged, compared to its average volume of 356,253. Dollarama has a one year low of C$96.50 and a one year high of C$166.62.
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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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