Dollarama’s (DOL) Outperform Rating Reiterated at Scotiabank
Dollarama Inc (TSE:DOL)‘s stock had its “outperform” rating reaffirmed by equities research analysts at Scotiabank in a report issued on Tuesday. They presently have a C$114.00 price objective on the stock. Scotiabank’s price target indicates a potential upside of 14.78% from the stock’s previous close.
A number of other equities analysts also recently issued reports on the stock. TD Securities reissued a “buy” rating and issued a C$115.00 price objective on shares of Dollarama in a report on Friday. CSFB reissued a “neutral” rating and issued a C$104.00 price objective on shares of Dollarama in a report on Tuesday, November 15th. RBC Capital Markets raised their price objective on shares of Dollarama from C$120.00 to C$122.00 and gave the stock an “outperform” rating in a report on Friday, September 2nd. Raymond James Financial Inc. raised their price objective on shares of Dollarama from C$105.00 to C$110.00 and gave the stock an “outperform” rating in a report on Friday, September 2nd. Finally, Desjardins lifted their price target on shares of Dollarama from C$103.00 to C$116.00 and gave the company a “buy” rating in a report on Friday, September 2nd. Three investment analysts have rated the stock with a hold rating and ten have issued a buy rating to the company. The company currently has a consensus rating of “Buy” and an average price target of C$108.15.
Shares of Dollarama (TSE:DOL) traded up 0.55% during mid-day trading on Tuesday, hitting $99.87. 140,514 shares of the company were exchanged. The company has a 50 day moving average of $100.46 and a 200 day moving average of $96.33. The company has a market capitalization of $11.84 billion and a P/E ratio of 29.98. Dollarama has a 52 week low of $70.29 and a 52 week high of $104.94.
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.
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