Dollarama Inc (DOL) Rating Reiterated by Scotiabank
Dollarama Inc (TSE:DOL)‘s stock had its “outperform” rating reaffirmed by stock analysts at Scotiabank in a research note issued on Friday. They currently have a C$115.00 price objective on the stock. Scotiabank’s target price would suggest a potential upside of 15.33% from the stock’s previous close.
A number of other equities analysts have also recently issued reports on DOL. TD Securities reiterated a “buy” rating and issued a C$115.00 price target on shares of Dollarama in a research note on Friday, November 18th. Royal Bank of Canada reiterated an “outperform” rating and issued a C$122.00 price target on shares of Dollarama in a research note on Tuesday, November 29th. Barclays PLC upped their price target on shares of Dollarama from C$105.00 to C$108.00 in a research note on Thursday, December 1st. Raymond James Financial, Inc. boosted their target price on Dollarama from C$110.00 to C$115.00 and gave the stock an “outperform” rating in a research report on Thursday, December 8th. Finally, National Bank Financial boosted their target price on Dollarama from C$112.00 to C$113.00 in a research report on Thursday, December 8th. Three analysts have rated the stock with a hold rating and eight have given a buy rating to the company’s stock. The company has an average rating of “Buy” and an average price target of C$109.75.
Shares of Dollarama (TSE:DOL) opened at 99.71 on Friday. Dollarama has a one year low of $78.50 and a one year high of $104.94. The stock has a 50 day moving average of $101.19 and a 200 day moving average of $100.49. The stock has a market cap of $11.65 billion and a P/E ratio of 28.71.
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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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