Dollarama (TSE:DOL) PT Raised to C$48.00 at CIBC

Dollarama (TSE:DOL) had its price target hoisted by equities research analysts at CIBC from C$44.00 to C$48.00 in a research note issued to investors on Friday, BayStreet.CA reports. CIBC’s price objective points to a potential upside of 2.72% from the stock’s previous close.

Other equities analysts have also issued research reports about the stock. TD Securities boosted their price objective on shares of Dollarama from C$40.00 to C$45.00 in a research report on Friday, June 7th. BMO Capital Markets boosted their price objective on shares of Dollarama from C$45.00 to C$50.00 in a research report on Friday. Canaccord Genuity cut their price objective on shares of Dollarama from C$50.00 to C$45.00 in a research report on Monday, March 25th. Desjardins lowered shares of Dollarama from a “buy” rating to a “hold” rating and boosted their price objective for the company from C$43.00 to C$49.00 in a research report on Friday. Finally, Royal Bank of Canada cut their price objective on shares of Dollarama from C$49.00 to C$46.00 and set an “outperform” rating for the company in a research report on Wednesday, March 13th. Four research analysts have rated the stock with a hold rating and four have issued a buy rating to the company. The company presently has an average rating of “Buy” and an average target price of C$48.14.

Shares of TSE:DOL traded down C$0.26 during trading on Friday, reaching C$46.73. The stock had a trading volume of 994,905 shares, compared to its average volume of 829,160. The firm has a market cap of $15.03 billion and a PE ratio of 27.98. Dollarama has a fifty-two week low of C$30.70 and a fifty-two week high of C$54.00.

Dollarama (TSE:DOL) last posted its quarterly earnings data on Thursday, March 28th. The company reported C$0.54 earnings per share for the quarter, missing analysts’ consensus estimates of C$0.55 by C($0.01). The firm had revenue of C$1.06 billion for the quarter, compared to analyst estimates of C$1.04 billion. Equities analysts expect that Dollarama will post 2.081965 earnings per share for the current year.

Dollarama Company Profile

Dollarama Inc operates a chain of dollar stores in Canada. Its stores offer general merchandise, consumables, and seasonal items. The company also offers products online. As of March 28, 2019, it operated 1,225 stores. The company was formerly known as Dollarama Capital Corporation and changed its name to Dollarama Inc in September 2009.

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Analyst Recommendations for Dollarama (TSE:DOL)

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