Dollarama (OTCMKTS:DLMAF) has been given a $48.00 price objective by stock analysts at Desjardins in a research note issued on Friday, TipRanks reports. The brokerage currently has a “hold” rating on the stock. Desjardins’ target price points to a potential upside of 33.89% from the company’s current price.
Separately, Wells Fargo & Co upgraded Dollarama from a “market perform” rating to an “outperform” rating in a research report on Tuesday, May 21st. Five equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. Dollarama currently has an average rating of “Hold” and an average target price of $51.33.
Dollarama stock traded down $0.59 during mid-day trading on Friday, reaching $35.85. 20,000 shares of the stock traded hands, compared to its average volume of 4,343. The business’s 50-day moving average is $37.88 and its 200-day moving average is $32.73. Dollarama has a 12-month low of $22.55 and a 12-month high of $38.97.
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.
Further Reading: Depreciation
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