Macquarie Lowers Dollarama (DOL) Price Target to C$49.00

Dollarama (TSE:DOL) had its target price cut by Macquarie from C$56.33 to C$49.00 in a research note released on Friday.

Several other equities research analysts have also recently commented on DOL. Raymond James upgraded shares of Dollarama from a hold rating to a buy rating and boosted their price target for the stock from C$165.00 to C$173.00 in a research report on Monday, May 28th. Desjardins upgraded shares of Dollarama from a hold rating to a buy rating in a research report on Monday, May 28th. Industrial Alliance Securities upgraded shares of Dollarama from a hold rating to a buy rating and set a C$163.00 price target on the stock in a research report on Friday, June 1st. TD Securities upgraded shares of Dollarama from a hold rating to a buy rating and boosted their price target for the stock from C$160.00 to C$175.00 in a research report on Monday, June 4th. Finally, CIBC dropped their price target on shares of Dollarama from C$178.00 to C$177.00 in a research report on Friday, June 8th. Four investment analysts have rated the stock with a hold rating and six have assigned a buy rating to the company’s stock. The stock currently has a consensus rating of Buy and an average target price of C$84.18.

Shares of Dollarama stock opened at C$42.58 on Friday. Dollarama has a 52 week low of C$40.31 and a 52 week high of C$56.67.

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, October 31st. Shareholders of record on Friday, October 5th will be issued a dividend of $0.04 per share. The ex-dividend date of this dividend is Thursday, October 4th. This represents a $0.16 annualized dividend and a yield of 0.38%.

Dollarama Company Profile

Dollarama Inc operates a chain of dollar stores in Canada. The company's stores offer consumer products, general merchandise, and seasonal items, including private label and branded products. As of June 7, 2018, it operated 1,170 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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