Dollarama (TSE:DOL) had its price objective boosted by stock analysts at Raymond James Financial from C$143.00 to C$165.00 in a research note issued on Tuesday. The brokerage presently has an “outperform” rating on the stock. Raymond James Financial’s target price points to a potential upside of 7.41% from the company’s previous close.
Other equities analysts have also issued reports about the stock. BMO Capital Markets raised their price target on shares of Dollarama from C$141.00 to C$150.00 in a research report on Friday, September 8th. Canaccord Genuity raised their price target on shares of Dollarama from C$150.00 to C$178.00 in a research report on Thursday, November 30th. CIBC raised their price target on shares of Dollarama from C$141.00 to C$157.00 in a research report on Friday, September 8th. Desjardins raised shares of Dollarama from a “hold” rating to a “buy” rating and raised their price target for the stock from C$134.00 to C$154.00 in a research report on Friday, September 8th. Finally, Eight Capital raised their price target on shares of Dollarama from C$140.00 to C$150.00 in a research report on Friday, September 8th. Four analysts have rated the stock with a hold rating and seven have given a buy rating to the company. The stock presently has an average rating of “Buy” and a consensus price target of C$159.75.
Dollarama (DOL) traded down C$0.69 on Tuesday, reaching C$153.61. 770,618 shares of the company’s stock were exchanged, compared to its average volume of 351,525. Dollarama has a 12 month low of C$96.50 and a 12 month high of C$166.62.
In related news, insider Geoffrey Peter Robillard sold 5,000 shares of Dollarama stock in a transaction on Tuesday, September 12th. The shares were sold at an average price of C$133.99, for a total value of C$669,950.00.
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Dollarama Inc is a Canada-based holding company. The Company operates dollar stores. It has approximately 1,030 stores in operation in Canada. Its stores have an average area of approximately 9,942 square feet, and offer a range of consumer products, general merchandise and seasonal items, including private label and nationally branded products.
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