Dollarama (TSE:DOL) PT Raised to C$50.00

Dollarama (TSE:DOL) had its price objective upped by research analysts at BMO Capital Markets from C$45.00 to C$50.00 in a report released on Friday, BayStreet.CA reports. BMO Capital Markets’ target price would indicate a potential upside of 6.95% from the stock’s previous close.

Other equities analysts have also issued research reports about the company. 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 report on Thursday, June 6th. Canaccord Genuity decreased their target price on Dollarama from C$50.00 to C$45.00 in a research report on Monday, March 25th. Desjardins lowered Dollarama from a “buy” rating to a “hold” rating and boosted their target price for the stock from C$43.00 to C$49.00 in a research report on Friday. TD Securities boosted their target price on Dollarama from C$45.00 to C$48.00 and gave the stock a “hold” rating in a research report on Friday. Finally, Royal Bank of Canada boosted their target price on Dollarama from C$46.00 to C$51.00 and gave the stock an “outperform” rating in a research report on Friday, June 7th. Four equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. The company presently has a consensus rating of “Buy” and an average price target of C$48.14.

Shares of DOL traded down C$0.24 during trading hours on Friday, hitting C$46.75. The company had a trading volume of 1,011,505 shares, compared to its average volume of 829,160. The firm has a market cap of $15.03 billion and a PE ratio of 27.99. Dollarama has a 52-week low of C$30.70 and a 52-week 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 (EPS) for the quarter, missing the 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. As a group, equities analysts anticipate that Dollarama will post 2.081965 EPS for the current fiscal year.

Dollarama Company Profile

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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