Dollarama (DOL) Price Target Increased to C$165.00 by Analysts at Desjardins
Dollarama (TSE:DOL) had its price target hoisted by investment analysts at Desjardins from C$154.00 to C$165.00 in a research note issued on Thursday. Desjardins’ target price indicates a potential upside of 5.41% from the stock’s current price.
DOL has been the topic of a number of other research reports. BMO Capital Markets reaffirmed an “outperform” rating and set a C$155.00 price objective on shares of Dollarama in a research report on Monday, October 16th. CIBC raised their price objective on Dollarama from C$141.00 to C$157.00 in a research report on Friday, September 8th. Canaccord Genuity raised their price objective on Dollarama from C$150.00 to C$178.00 in a research report on Thursday, November 30th. National Bank Financial raised their price objective on Dollarama from C$145.00 to C$160.00 in a research report on Thursday, November 30th. Finally, Barclays raised their price objective on Dollarama from C$123.00 to C$130.00 in a research report on Friday, September 8th. Four investment analysts have rated the stock with a hold rating and eight have given a buy rating to the stock. The stock presently has an average rating of “Buy” and a consensus price target of C$161.42.
Shares of Dollarama (TSE:DOL) traded up C$6.80 during mid-day trading on Thursday, reaching C$156.53. The company had a trading volume of 447,221 shares, compared to its average volume of 356,253. Dollarama has a 12 month low of C$96.50 and a 12 month 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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