Dollarama (DOL) Given New C$40.00 Price Target at National Bank Financial

Dollarama (TSE:DOL) had its target price upped by investment analysts at National Bank Financial from C$39.00 to C$40.00 in a report issued on Wednesday. The brokerage presently has a “sector perform” rating on the stock. National Bank Financial’s price objective would suggest a potential upside of 15.51% from the stock’s previous close.

Several other analysts also recently weighed in on the stock. Royal Bank of Canada dropped their target price on shares of Dollarama from C$49.00 to C$46.00 and set an “outperform” rating for the company in a report on Wednesday, March 13th. Raymond James dropped their price target on shares of Dollarama from C$50.00 to C$42.00 and set an “outperform” rating for the company in a research note on Friday, December 7th. Barclays dropped their price target on shares of Dollarama from C$44.00 to C$38.00 in a research note on Friday, December 7th. CIBC dropped their price target on shares of Dollarama from C$40.00 to C$37.00 in a research note on Friday, December 7th. Finally, BMO Capital Markets dropped their price target on shares of Dollarama from C$42.00 to C$37.00 in a research note on Friday, December 7th. Three research analysts have rated the stock with a hold rating and six have given a buy rating to the stock. The stock currently has a consensus rating of “Buy” and an average target price of C$54.04.

Dollarama stock traded down C$0.49 during trading on Wednesday, hitting C$34.63. The company had a trading volume of 356,296 shares, compared to its average volume of 766,178. Dollarama has a 1-year low of C$30.70 and a 1-year high of C$54.95. The company has a market capitalization of $11.24 billion and a PE ratio of 21.38.

In other Dollarama news, Director John Huw Thomas sold 12,000 shares of the business’s stock in a transaction on Thursday, January 10th. The shares were sold at an average price of C$34.51, for a total value of C$414,084.00. Following the completion of the transaction, the director now owns 37,200 shares in the company, valued at C$1,283,660.40.

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 October 28, 2018, it operated 1,192 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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