Dollarama (DOL) Given New C$175.00 Price Target at Canaccord Genuity
Dollarama (TSE:DOL) had its price objective decreased by stock analysts at Canaccord Genuity from C$178.00 to C$175.00 in a report issued on Thursday. Canaccord Genuity’s price objective suggests a potential upside of 11.80% from the company’s current price.
Other research analysts have also issued reports about the stock. Desjardins increased their target price on shares of Dollarama from C$154.00 to C$165.00 in a research note on Thursday. BMO Capital Markets cut their target price on shares of Dollarama from C$155.00 to C$152.00 and set a “market perform” rating on the stock in a research note on Thursday. National Bank Financial increased their target price on shares of Dollarama from C$160.00 to C$161.00 and gave the stock an “outperform” rating in a research note on Thursday. CIBC increased their target price on shares of Dollarama from C$157.00 to C$168.00 and gave the stock an “outperform” rating in a research note on Thursday. Finally, Eight Capital increased their target price on shares of Dollarama from C$140.00 to C$150.00 in a research note on Friday, September 8th. Four research analysts have rated the stock with a hold rating and eight have issued a buy rating to the stock. The stock currently has an average rating of “Buy” and a consensus target price of C$161.42.
Shares of Dollarama (TSE DOL) traded up C$6.80 during midday trading on Thursday, reaching C$156.53. 447,221 shares of the company traded hands, compared to its average volume of 356,253. Dollarama has a fifty-two week low of C$96.50 and a fifty-two week 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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