Raymond James Increases Dollarama (TSE:DOL) Price Target to C$48.00

Dollarama (TSE:DOL) had its price target lifted by analysts at Raymond James from C$45.00 to C$48.00 in a research note issued to investors on Friday, BayStreet.CA reports. The brokerage presently has an “outperform” rating on the stock. Raymond James’ target price would suggest a potential upside of 2.67% from the stock’s previous close.

Several other brokerages have also recently weighed in on DOL. Canaccord Genuity decreased their price objective on shares of Dollarama from C$50.00 to C$45.00 in a research note on Monday, March 25th. CIBC increased their price target on shares of Dollarama from C$44.00 to C$48.00 in a research note on Friday. BMO Capital Markets increased their price target on shares of Dollarama from C$35.00 to C$45.00 and gave the company a “market perform” rating in a research note on Wednesday, June 5th. National Bank Financial raised shares of Dollarama from a “sector perform” rating to an “outperform” rating and increased their price target for the company from C$40.00 to C$41.00 in a research note on Friday, March 29th. Finally, TD Securities increased their price target on shares of Dollarama from C$40.00 to C$45.00 in a research note on Friday, June 7th. Four research analysts have rated the stock with a hold rating and four have issued a buy rating to the company. Dollarama presently has an average rating of “Buy” and a consensus price target of C$48.14.

Dollarama stock traded down C$0.24 during trading hours on Friday, hitting C$46.75. 1,011,505 shares of the stock were exchanged, compared to its average volume of 829,160. The stock has a market capitalization of $15.03 billion and a price-to-earnings ratio of 27.99. Dollarama has a 12 month low of C$30.70 and a 12 month high of C$54.00.

Dollarama (TSE:DOL) last issued its quarterly earnings data 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 business had revenue of C$1.06 billion for the quarter, compared to analysts’ expectations of C$1.04 billion. As a group, equities analysts expect 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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