Dollarama (TSE:DOL) Price Target Raised to C$48.00

Dollarama (TSE:DOL) had its price objective hoisted by investment analysts at CIBC from C$44.00 to C$48.00 in a report released on Friday, BayStreet.CA reports. CIBC’s price target suggests a potential upside of 2.67% from the stock’s previous close.

Several other brokerages also recently commented on DOL. BMO Capital Markets lifted their target price on shares of Dollarama from C$45.00 to C$50.00 in a report on Friday. TD Securities lifted their target price on shares of Dollarama from C$45.00 to C$48.00 and gave the stock a “hold” rating in a report on Friday. Desjardins downgraded shares of Dollarama from a “buy” rating to a “hold” rating and lifted their target price for the stock from C$43.00 to C$49.00 in a report on Friday. National Bank Financial lifted their target price on shares of Dollarama from C$44.00 to C$49.00 and gave the stock an “outperform” rating in a report on Friday. Finally, Raymond James lifted their target price on shares of Dollarama from C$40.00 to C$45.00 and gave the stock an “outperform” rating in a report on Thursday, June 6th. Four investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. The company presently has an average rating of “Buy” and a consensus price target of C$48.14.

Shares of DOL traded down C$0.24 during midday 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. Dollarama has a one year low of C$30.70 and a one year high of C$54.00. The company has a market cap of $15.03 billion and a PE ratio of 27.99.

Dollarama (TSE:DOL) last announced its earnings results on Thursday, March 28th. The company reported C$0.54 EPS for the quarter, missing the consensus estimate of C$0.55 by C($0.01). The company had revenue of C$1.06 billion for the quarter, compared to analyst estimates of C$1.04 billion. As a group, analysts expect that Dollarama will post 2.081965 earnings per share for the current year.

About Dollarama

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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Analyst Recommendations for Dollarama (TSE:DOL)

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