Dollarama Inc (OTCMKTS:DLMAF) has received a consensus recommendation of “Buy” from the eight ratings firms that are covering the firm, Marketbeat Ratings reports. Four equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. The average twelve-month price target among analysts that have covered the stock in the last year is $54.86.
A number of research analysts recently issued reports on DLMAF shares. Scotiabank raised their price target on Dollarama from $53.00 to $54.00 and gave the stock an “outperform” rating in a research note on Thursday, September 3rd. BMO Capital Markets restated a “hold” rating and set a $52.00 price target on shares of Dollarama in a research note on Thursday, September 3rd. Wells Fargo & Company upgraded Dollarama from an “underweight” rating to an “equal weight” rating in a research note on Thursday, September 3rd. TD Securities raised their price target on Dollarama from $56.00 to $60.00 and gave the stock a “buy” rating in a research note on Thursday, September 3rd. Finally, CIBC raised their price target on Dollarama from $49.00 to $54.00 and gave the stock a “neutral” rating in a research note on Thursday, September 3rd.
DLMAF opened at $37.84 on Thursday. Dollarama has a one year low of $24.23 and a one year high of $40.74. The business’s 50-day simple moving average is $38.07 and its 200-day simple moving average is $33.50.
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.
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