Dollarama (DOL) Price Target Raised to C$165.00
Dollarama (TSE:DOL) had its price target increased by investment analysts at Scotiabank from C$162.00 to C$165.00 in a report issued on Thursday. The firm currently has an “outperform” rating on the stock. Scotiabank’s price objective would suggest a potential upside of 5.41% from the stock’s previous close.
A number of other brokerages also recently commented on DOL. BMO Capital Markets downgraded shares of Dollarama from an “outperform” rating to a “market perform” rating and set a C$155.00 price objective for the company. in a research report on Wednesday, November 29th. Eight Capital lifted their price objective on shares of Dollarama from C$150.00 to C$185.00 in a research report on Tuesday, November 28th. Royal Bank Of Canada lifted their price objective on shares of Dollarama from C$143.00 to C$161.00 in a research report on Friday, November 24th. Canaccord Genuity lifted their price objective on shares of Dollarama from C$150.00 to C$178.00 in a research report on Thursday, November 30th. Finally, National Bank Financial lifted their price objective on shares of Dollarama from C$145.00 to C$160.00 in a research report on Thursday, November 30th. Four equities research analysts have rated the stock with a hold rating and eight have given a buy rating to the company’s stock. The company 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 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 52 week low of C$96.50 and a 52 week high of C$166.62.
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Dollarama Company Profile
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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