Dollarama (TSE:DOL) had its price objective reduced by BMO Capital Markets from C$47.00 to C$42.00 in a note issued to investors on Friday. BMO Capital Markets’ price objective indicates a potential upside of 10.15% from the stock’s previous close.
DOL has been the topic of several other research reports. Barclays upped their price target on shares of Dollarama from C$52.00 to C$53.00 in a research report on Wednesday, September 12th. Desjardins downgraded shares of Dollarama from a “buy” rating to a “hold” rating and reduced their price target for the stock from C$58.00 to C$45.00 in a research report on Friday, September 14th. National Bank Financial downgraded shares of Dollarama from an “outperform” rating to a “sector perform” rating and reduced their price target for the stock from C$56.00 to C$48.00 in a research report on Friday, September 14th. Industrial Alliance Securities upgraded shares of Dollarama from a “hold” rating to a “buy” rating and set a C$54.50 price target on the stock in a research report on Thursday, September 6th. Finally, CIBC reduced their price target on shares of Dollarama from C$59.00 to C$46.00 in a research report on Friday, September 14th. Four equities research analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. The company presently has a consensus rating of “Buy” and an average price target of C$82.82.
TSE DOL traded up C$0.22 on Friday, hitting C$38.13. 637,789 shares of the company were exchanged, compared to its average volume of 1,069,612. Dollarama has a 1-year low of C$33.50 and a 1-year high of C$56.67.
Dollarama (TSE:DOL) last issued its quarterly earnings results on Thursday, September 13th. The company reported C$0.43 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of C$0.44 by C($0.01). The company had revenue of C$868.45 million for the quarter, compared to analyst estimates of C$883.00 million.
In other Dollarama news, insider Geoffrey Peter Robillard sold 20,000 shares of the company’s stock in a transaction dated Friday, October 26th. The shares were sold at an average price of C$39.19, for a total transaction of C$783,800.00. Also, insider Michael Ross bought 1,400 shares of the business’s stock in a transaction on Thursday, October 11th. The shares were acquired at an average price of C$36.98 per share, for a total transaction of C$51,772.00.
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 July 29, 2018, it operated 1,178 stores. The company was formerly known as Dollarama Capital Corporation and changed its name to Dollarama Inc in September 2009.
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