Dollarama (TSE:DOL) had its target price boosted by Canaccord Genuity from C$90.00 to C$95.00 in a report issued on Friday, American Banking News.com reports. They currently have a buy rating on the stock.
Canaccord Genuity has also modified their ratings on a number of other stocks in the few days. The firm initiated coverage on shares of Smith & Nephew plc. They issued a buy rating on that stock and set a $77.00 price target. Also, Canaccord Genuity raised its price target on shares of 3D Systems from $65.00 to $85.00.
Shares of Dollarama (TSE:DOL) traded down 0.72% during mid-day trading on Friday, hitting $84.42. 90,649 shares of the company’s stock traded hands. Dollarama has a 52-week low of $55.99 and a 52-week high of $90.74. The stock has a 50-day moving average of $88.20 and a 200-day moving average of $79.53. The company has a market cap of $5.990 billion and a price-to-earnings ratio of 25.31.
The company also recently announced a quarterly dividend, which is scheduled for Wednesday, February 5th. Stockholders of record on Friday, January 10th will be paid a dividend of $0.14 per share. This represents a $0.56 annualized dividend and a dividend yield of 0.66%.
Other equities research analysts have also recently issued reports about the stock. Analysts at Desjardins raised their price target on shares of Dollarama from C$90.00 to C$94.00 in a research note to investors on Friday. They now have a buy rating on the stock. Separately, analysts at Raymond James raised their price target on shares of Dollarama from C$80.00 to C$85.00 in a research note to investors on Friday. They now have a market perform rating on the stock. Finally, analysts at TD Securities cut their price target on shares of Dollarama from C$100.00 to C$98.00 in a research note to investors on Friday. They now have a hold rating on the stock. Three analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company. The company currently has an average rating of Buy and a consensus price target of C$91.33.
Dollarama Inc (TSE:DOL) is a dollar store operator in Canada.
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