Dollarama (TSE:DOL) Price Target Raised to C$50.00 at BMO Capital Markets

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Dollarama (TSE:DOL) had its price target boosted by BMO Capital Markets from C$45.00 to C$50.00 in a research note issued on Friday, BayStreet.CA reports. BMO Capital Markets’ target price points to a potential upside of 7.00% from the company’s previous close.

Several other analysts also recently commented on the company. Canaccord Genuity cut their target price on Dollarama from C$50.00 to C$45.00 in a research note on Monday, March 25th. TD Securities raised their price target on Dollarama from C$40.00 to C$45.00 in a research note on Friday, June 7th. Desjardins cut Dollarama from a “buy” rating to a “hold” rating and raised their target price for the stock from C$43.00 to C$49.00 in a report on Friday. CIBC raised their price target on Dollarama from C$37.00 to C$44.00 and gave the company a “neutral” rating in a report on Thursday, June 6th. Finally, Royal Bank of Canada decreased their price target on Dollarama from C$49.00 to C$46.00 and set an “outperform” rating on the stock in a report on Wednesday, March 13th. Four analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. The company presently has an average rating of “Buy” and an average target price of C$48.14.

Dollarama stock traded down C$0.26 during midday trading on Friday, hitting C$46.73. 994,905 shares of the company’s stock were exchanged, compared to its average volume of 829,160. Dollarama has a 52-week low of C$30.70 and a 52-week high of C$54.00. The stock has a market cap of $15.03 billion and a price-to-earnings ratio of 27.98.

Dollarama (TSE:DOL) last released its earnings results 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 during the quarter, compared to the consensus estimate of C$1.04 billion. Equities research analysts predict that Dollarama will post 2.081965 EPS 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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