Analysis: Dollarama Inc (TSE:DOL) Stock Target Increased Today
In a note distributed to Clients by TD Securities on Friday morning, the firm, Dollarama Inc (TSE:DOL), had their target price downgraded to $89.00. Analusts currently have a solid “Hold” 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 $73.25 while the lowest target price is $49.08. The mean of all analyst targets is $66.11 with a 14.56% above today’s ($79.33) stock price. Dollarama Inc was the topic of 13 analyst reports since August 27, 2015 according to the firm StockzIntelligence Inc. RBC Capital Markets maintained shares on December 10 with “Outperform” rating.
Approximately 813,435 shares of stock traded hands or 117.93% up from the average. Dollarama Inc (TSE:DOL) has risen 7.76% since May 8, 2015 and is uptrending. It has outperformed by 10.78% the S&P500.
Dollarama Inc is a Canada-based operator of dollar stores. The company has a market cap of $9.46 billion. The Firm has 955 Dollarama stores in operation in Canada. It has 28.62 P/E ratio. The Firm offers a range of consumer products and general merchandise for everyday use, in addition to seasonal products.