Dollarama Inc (DOL) Stock Rating Reaffirmed by Royal Bank Of Canada
Dollarama Inc (TSE:DOL)‘s stock had its “outperform” rating restated by analysts at Royal Bank Of Canada in a research report issued to clients and investors on Tuesday, StockTargetPrices.com reports. They currently have a C$122.00 price objective on the stock. Royal Bank Of Canada’s target price points to a potential upside of 19.25% from the stock’s current price.
DOL has been the subject of several other reports. RBC Capital Markets upped their price target on shares of Dollarama from C$111.00 to C$120.00 and gave the company an “outperform” rating in a research report on Friday, August 19th. Scotiabank restated an “outperform” rating and issued a C$106.00 price target on shares of Dollarama in a research report on Thursday, August 25th. TD Securities upgraded shares of Dollarama from a “hold” rating to a “buy” rating and upped their price target for the company from C$105.00 to C$115.00 in a research report on Wednesday, August 24th. Barclays PLC upped their price target on shares of Dollarama from C$98.00 to C$105.00 and gave the company an “equal weight” rating in a research report on Wednesday, August 31st. Finally, BMO Capital Markets restated an “outperform” rating and issued a C$110.00 price target on shares of Dollarama in a research report on Friday, September 2nd. Three analysts have rated the stock with a hold rating and ten have issued a buy rating to the stock. The company presently has an average rating of “Buy” and a consensus price target of C$108.15.
Shares of Dollarama (TSE:DOL) traded down 0.12% during midday trading on Tuesday, hitting $102.59. 24,180 shares of the company were exchanged. The firm has a market capitalization of $12.16 billion and a price-to-earnings ratio of 30.80. The firm’s 50 day moving average price is $100.35 and its 200 day moving average price is $96.70. Dollarama has a one year low of $70.29 and a one year 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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