Dollarama (DOL) Price Target Lowered to C$152.00 at BMO Capital Markets
Dollarama (TSE:DOL) had its target price reduced by equities researchers at BMO Capital Markets from C$155.00 to C$152.00 in a research note issued to investors on Thursday. The brokerage presently has a “market perform” rating on the stock. BMO Capital Markets’ target price suggests a potential downside of 2.89% from the company’s previous close.
Other research analysts also recently issued reports about the company. Desjardins increased their target price on Dollarama from C$154.00 to C$165.00 in a research report on Thursday. Canaccord Genuity increased their target price on Dollarama from C$150.00 to C$178.00 in a research report on Thursday, November 30th. CIBC increased their target price on Dollarama from C$141.00 to C$157.00 in a research report on Friday, September 8th. Eight Capital increased their target price on Dollarama from C$140.00 to C$150.00 in a research report on Friday, September 8th. Finally, Raymond James Financial increased their target price on Dollarama from C$140.00 to C$143.00 in a research report on Friday, September 8th. Four equities research analysts have rated the stock with a hold rating and eight have issued a buy rating to the company. The company has a consensus rating of “Buy” and a consensus target price of C$161.42.
Dollarama (DOL) traded up C$6.80 during midday trading on Thursday, hitting C$156.53. The stock had a trading volume of 447,221 shares, compared to its average volume of 356,253. Dollarama has a 52-week low of C$96.50 and a 52-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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