Dollarama Inc (DOL) Stock Rating Reaffirmed by Royal Bank Of Canada
Dollarama Inc (TSE:DOL)‘s stock had its “outperform” rating reiterated by investment analysts at Royal Bank Of Canada in a note issued to investors on Tuesday. They presently have a C$122.00 price target on the stock. Royal Bank Of Canada’s target price would suggest a potential upside of 19.25% from the stock’s previous close.
DOL has been the subject of several other research reports. 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. TD Securities raised shares of Dollarama from a “hold” rating to a “buy” rating and raised their price objective for the stock from C$105.00 to C$115.00 in a report on Wednesday, August 24th. Scotiabank reaffirmed an “outperform” rating and set a C$106.00 price objective on shares of Dollarama in a report on Thursday, August 25th. Desjardins raised their price objective on shares of Dollarama from C$103.00 to C$116.00 and gave the stock a “buy” rating in a report on Friday, September 2nd. Finally, 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. Three equities research analysts have rated the stock with a hold rating and ten have issued a buy rating to the company’s stock. Dollarama presently has a consensus rating of “Buy” and a consensus target price of C$108.15.
Shares of Dollarama (TSE:DOL) traded down 0.12% during mid-day trading on Tuesday, reaching $102.59. 24,180 shares of the company’s stock traded hands. The firm has a market cap of $12.16 billion and a price-to-earnings ratio of 30.80. The company’s 50 day moving average is $100.35 and its 200-day moving average is $96.70. Dollarama has a 52 week low of $70.29 and a 52 week high of $104.94.
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Dollarama Company Profile
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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