Brokerages Set Dollarama (DOL) PT at $163.42

Dollarama (TSE:DOL) has earned a consensus rating of “Buy” from the twelve brokerages that are presently covering the firm, Marketbeat Ratings reports. Three investment analysts have rated the stock with a hold recommendation and three have issued a buy recommendation on the company. The average 1-year price objective among brokerages that have updated their coverage on the stock in the last year is C$165.25.

A number of equities research analysts recently commented on the company. Raymond James Financial upped their target price on Dollarama from C$165.00 to C$167.00 and gave the company an “outperform” rating in a research report on Monday, April 2nd. Scotiabank upped their target price on Dollarama from C$165.00 to C$169.00 and gave the company an “outperform” rating in a research report on Monday, April 2nd. National Bank Financial upped their target price on Dollarama from C$161.00 to C$167.00 and gave the company an “outperform” rating in a research report on Monday, April 2nd. BMO Capital Markets reiterated a “market perform” rating and issued a C$152.00 target price on shares of Dollarama in a research report on Monday, April 2nd. Finally, CIBC upped their target price on Dollarama from C$168.00 to C$178.00 in a research report on Monday, April 2nd.

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In other Dollarama news, insider Geoffrey Peter Robillard sold 15,000 shares of the company’s stock in a transaction that occurred on Wednesday, January 24th. The stock was sold at an average price of C$162.91, for a total value of C$2,443,650.00. Also, Director John Huw Thomas sold 2,000 shares of the company’s stock in a transaction that occurred on Tuesday, January 23rd. The stock was sold at an average price of C$161.00, for a total value of C$322,000.00. In the last 90 days, insiders sold 19,000 shares of company stock worth $3,094,570.

TSE DOL traded down C$0.19 during trading hours on Friday, reaching C$153.30. The stock had a trading volume of 217,981 shares, compared to its average volume of 365,638. Dollarama has a 52-week low of C$113.76 and a 52-week high of C$170.00.

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, May 2nd. Shareholders of record on Friday, April 20th will be given a $0.12 dividend. This represents a $0.48 annualized dividend and a yield of 0.31%. The ex-dividend date is Thursday, April 19th. This is a positive change from Dollarama’s previous quarterly dividend of $0.11.

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About Dollarama

Dollarama Inc is a Canada-based holding company. The Company operates dollar stores. It has approximately 1,030 stores in operation in Canada. Its stores have an average area of approximately 9,942 square feet, and offer a range of consumer products, general merchandise and seasonal items, including private label and nationally branded products.

Analyst Recommendations for Dollarama (TSE:DOL)

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