Dollarama Inc (DOL) Given Average Rating of “Buy” by Brokerages

Shares of Dollarama Inc (TSE:DOL) have been assigned an average rating of “Buy” from the twelve brokerages that are currently covering the company, Marketbeat reports. One equities research analyst has rated the stock with a hold recommendation and four have given a buy recommendation to the company. The average 12 month price target among brokers that have covered the stock in the last year is C$53.96.

A number of research firms have recently commented on DOL. BMO Capital Markets cut their price target on shares of Dollarama from C$42.00 to C$37.00 in a report on Friday, December 7th. Barclays cut their price target on shares of Dollarama from C$44.00 to C$38.00 in a report on Friday, December 7th. TD Securities cut their price target on shares of Dollarama from C$44.00 to C$40.00 in a report on Friday, December 7th. Royal Bank of Canada cut their price target on shares of Dollarama from C$49.00 to C$46.00 and set an “outperform” rating on the stock in a report on Wednesday. Finally, CIBC cut their price target on shares of Dollarama from C$40.00 to C$37.00 in a report on Friday, December 7th.

In related news, Director John Huw Thomas sold 12,000 shares of the company’s stock in a transaction dated Thursday, January 10th. The shares were sold at an average price of C$34.51, for a total value of C$414,084.00. Following the completion of the sale, the director now directly owns 37,200 shares of the company’s stock, valued at C$1,283,660.40.

TSE DOL opened at C$34.29 on Friday. The stock has a market capitalization of $10.97 billion and a PE ratio of 21.17. Dollarama has a 12 month low of C$30.70 and a 12 month high of C$54.95.

About Dollarama

Dollarama Inc operates a chain of dollar stores in Canada. The company's stores offer consumer products, general merchandise, and seasonal items, including private label and branded products. As of October 28, 2018, it operated 1,192 stores. The company was formerly known as Dollarama Capital Corporation and changed its name to Dollarama Inc in September 2009.

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Analyst Recommendations for Dollarama (TSE:DOL)

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