Stock Analysis:Dollarama Inc (TSE:DOL) Stock Target Upgraded
In analysts report made public by Raymond James on Friday morning, Dollarama Inc (TSE:DOL) had its price target boosted to $95.00. The firm currently has a solid Outperform rating on shares.
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 15.05% above today’s ($78.99) 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 818,480 shares of stock traded hands or 119.28% 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 $9.42 billion. The Firm has 955 Dollarama stores in operation in Canada. It has 28.49 P/E ratio. The Firm offers a range of consumer products and general merchandise for everyday use, in addition to seasonal products.