Analysis: Dollarama Inc (TSE:DOL) Price Target Upgraded Today
In analysts note distributed to Clients by CIBC World Markets on 10 December, the firm, Dollarama Inc (TSE:DOL), had their target price downgraded to $90.00. Analusts at present have a solid “Sector Outperformer” rating on the stock.
From a total of 14 analysts covering Dollarama Inc (TSE:DOL) stock, 9 rate it a ”Buy”, 2 a “Sell”, and 4 a ”Hold”. This means that 60% of the ratings are positive. The highest target price is $73.97 while the lowest target price is $48.82. The mean of all analyst targets is $67.32 with a 13.37% above today’s ($80.27) stock price. Dollarama Inc was the topic of 11 analyst reports since August 27, 2015 according to the firm StockzIntelligence Inc. RBC Capital Markets maintained shares on November 24 with “Outperform” rating.
Approximately 646,874 shares of stock traded hands or 66.84% up from the average. Dollarama Inc (TSE:DOL) has risen 14.75% since May 7, 2015 and is uptrending. It has outperformed by 16.68% the S&P500.
Dollarama Inc is a Canada-based operator of dollar stores. The company has a market cap of $10.02 billion. The Firm has 955 Dollarama stores in operation in Canada. It has 31.56 P/E ratio. The Firm offers a range of consumer products and general merchandise for everyday use, in addition to seasonal products.