Dollarama (TSE:DOL) had its price objective lowered by Raymond James from C$56.00 to C$50.00 in a research note issued to investors on Friday. The brokerage presently has an “outperform” rating on the stock. Raymond James’ price target points to a potential upside of 20.05% from the stock’s current price.
Several other analysts also recently commented on DOL. Desjardins upgraded shares of Dollarama from a “hold” rating to a “buy” rating in a research report on Monday, May 28th. Industrial Alliance Securities upgraded shares of Dollarama from a “hold” rating to a “buy” rating and set a C$163.00 price target on the stock in a report on Friday, June 1st. TD Securities upgraded shares of Dollarama from a “hold” rating to a “buy” rating and lifted their price target for the company from C$160.00 to C$175.00 in a report on Monday, June 4th. CIBC reduced their price target on shares of Dollarama from C$178.00 to C$177.00 in a report on Friday, June 8th. Finally, BMO Capital Markets upgraded shares of Dollarama from a “market perform” rating to an “outperform” rating and lifted their price target for the company from C$152.00 to C$170.00 in a report on Friday, June 8th. Four investment analysts have rated the stock with a hold rating and six have given a buy rating to the company’s stock. Dollarama has a consensus rating of “Buy” and an average target price of C$84.18.
Shares of DOL stock opened at C$41.65 on Friday. Dollarama has a one year low of C$40.31 and a one year high of C$56.67.
In other Dollarama news, Director John Assaly sold 13,404 shares of Dollarama stock in a transaction on Tuesday, June 19th. The shares were sold at an average price of C$153.60, for a total value of C$2,058,854.40.
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 June 7, 2018, it operated 1,170 stores. The company was formerly known as Dollarama Capital Corporation and changed its name to Dollarama Inc in September 2009.
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