Dollarama (TSE:DOL) PT Raised to C$49.00 at National Bank Financial

Dollarama (TSE:DOL) had its target price upped by stock analysts at National Bank Financial from C$44.00 to C$49.00 in a research report issued to clients and investors on Friday, BayStreet.CA reports. The firm currently has an “outperform” rating on the stock. National Bank Financial’s price objective would suggest a potential upside of 4.81% from the stock’s previous close.

Other equities analysts have also issued research reports about the stock. CIBC increased their price target on shares of Dollarama from C$37.00 to C$44.00 and gave the company a “neutral” rating in a research report on Thursday, June 6th. Canaccord Genuity reduced their price target on shares of Dollarama from C$50.00 to C$45.00 in a research report on Monday, March 25th. Desjardins lowered shares of Dollarama from a “buy” rating to a “hold” rating and increased their price target for the company from C$43.00 to C$49.00 in a research report on Friday. TD Securities increased their price target on shares of Dollarama from C$45.00 to C$48.00 and gave the company a “hold” rating in a research report on Friday. Finally, BMO Capital Markets increased their price target on shares of Dollarama from C$45.00 to C$50.00 in a research report on Friday. Four research 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 an average price target of C$48.14.

DOL traded down C$0.24 during trading on Friday, hitting C$46.75. 1,011,505 shares of the company traded hands, compared to its average volume of 829,160. The firm has a market cap of $15.03 billion and a P/E ratio of 27.99. Dollarama has a one year low of C$30.70 and a one year high of C$54.00.

Dollarama (TSE:DOL) last posted its quarterly earnings results on Thursday, March 28th. The company reported C$0.54 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of C$0.55 by C($0.01). The company had revenue of C$1.06 billion for the quarter, compared to the consensus estimate of C$1.04 billion. Equities analysts predict that Dollarama will post 2.081965 EPS 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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