TD Securities Reiterates “Buy” Rating for Dollarama Inc (DOL)
Dollarama Inc (TSE:DOL)‘s stock had its “buy” rating restated by TD Securities in a report released on Friday. They currently have a C$115.00 target price on the stock. TD Securities’ price objective suggests a potential upside of 15.79% from the company’s current price.
DOL has been the subject of several other research reports. RBC Capital Markets increased their price objective on Dollarama from C$120.00 to C$122.00 and gave the company an “outperform” rating in a report on Friday, September 2nd. Scotiabank reissued an “outperform” rating and issued a C$106.00 price objective on shares of Dollarama in a report on Thursday, August 25th. Desjardins raised their price target on Dollarama from C$103.00 to C$116.00 and gave the company a “buy” rating in a report on Friday, September 2nd. Raymond James Financial Inc. raised their price target on Dollarama from C$105.00 to C$110.00 and gave the company an “outperform” rating in a report on Friday, September 2nd. Finally, BMO Capital Markets reaffirmed an “outperform” rating and set a C$110.00 price target on shares of Dollarama in a report on Friday, September 2nd. Three analysts have rated the stock with a hold rating and ten have given a buy rating to the company’s stock. The company currently has an average rating of “Buy” and an average price target of C$108.15.
Shares of Dollarama (TSE:DOL) opened at 99.32 on Friday. The firm has a market cap of $11.78 billion and a P/E ratio of 29.82. The stock has a 50 day moving average of $100.46 and a 200 day moving average of $96.33. 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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