Dollarama (TSE:DOL) had its price objective upped by research analysts at TD Securities from C$45.00 to C$48.00 in a research report issued to clients and investors on Friday, BayStreet.CA reports. The brokerage presently has a “hold” rating on the stock. TD Securities’ target price suggests a potential upside of 2.67% from the company’s previous close.
A number of other analysts have also issued reports on the company. National Bank Financial raised Dollarama from a “sector perform” rating to an “outperform” rating and lifted their price target for the stock from C$40.00 to C$41.00 in a research note on Friday, March 29th. Royal Bank of Canada lowered their price target on Dollarama from C$49.00 to C$46.00 and set an “outperform” rating on the stock in a research note on Wednesday, March 13th. Canaccord Genuity lowered their price target on Dollarama from C$50.00 to C$45.00 in a research note on Monday, March 25th. Raymond James lowered their price target on Dollarama from C$42.00 to C$40.00 and set an “outperform” rating on the stock in a research note on Friday, March 29th. Finally, CIBC lifted their price target on Dollarama from C$37.00 to C$44.00 and gave the stock a “neutral” rating in a research note on Thursday, June 6th. Four research analysts have rated the stock with a hold rating and four have given a buy rating to the company. Dollarama currently has an average rating of “Buy” and an average target price of C$48.14.
Shares of TSE:DOL traded down C$0.24 during trading on Friday, reaching C$46.75. The stock had a trading volume of 1,011,505 shares, compared to its average volume of 829,160. The firm has a market capitalization of $15.03 billion and a PE ratio of 27.99. Dollarama has a 1-year low of C$30.70 and a 1-year high of C$54.00.
Dollarama (TSE:DOL) last issued its quarterly earnings results on Thursday, March 28th. The company reported C$0.54 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of C$0.55 by C($0.01). The firm had revenue of C$1.06 billion during the quarter, compared to analysts’ expectations of C$1.04 billion. On average, analysts forecast that Dollarama will post 2.081965 earnings per share for the current year.
Dollarama Inc operates a chain of dollar stores in Canada. Its stores offer general merchandise, consumables, and seasonal items. The company also offers products online. As of March 28, 2019, it operated 1,225 stores. The company was formerly known as Dollarama Capital Corporation and changed its name to Dollarama Inc in September 2009.
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