Dollarama (TSE:DOL) had its price objective reduced by National Bank Financial from C$51.00 to C$48.00 in a research report sent to investors on Monday, BayStreet.CA reports. They currently have an outperform rating on the stock.
Several other analysts also recently commented on the stock. TD Securities reduced their target price on shares of Dollarama from C$50.00 to C$49.00 and set a hold rating for the company in a report on Thursday, December 19th. Desjardins reaffirmed a hold rating on shares of Dollarama in a report on Thursday, November 28th. Wells Fargo & Co downgraded shares of Dollarama from an overweight rating to an underweight rating and reduced their target price for the stock from C$53.00 to C$37.00 in a report on Thursday, February 20th. Finally, BMO Capital Markets reduced their target price on shares of Dollarama from C$52.00 to C$50.00 in a report on Thursday, December 5th. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating and four have assigned a buy rating to the company. The stock has a consensus rating of Hold and a consensus price target of C$47.30.
Shares of DOL stock opened at C$42.42 on Monday. The company has a market capitalization of $11.82 billion and a price-to-earnings ratio of 24.17. The company has a 50-day simple moving average of C$40.42 and a 200 day simple moving average of C$44.85. Dollarama has a 52 week low of C$33.00 and a 52 week high of C$52.12.
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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