Dollarama Inc (DOL) Price Target Raised to C$157.00

Dollarama Inc (TSE:DOL) had its price target upped by CIBC from C$141.00 to C$157.00 in a report published on Friday.

DOL has been the subject of several other reports. Royal Bank Of Canada boosted their price objective on shares of Dollarama from C$133.00 to C$138.00 in a research note on Thursday, May 25th. Desjardins cut shares of Dollarama from a buy rating to a hold rating and boosted their price objective for the company from C$120.00 to C$134.00 in a research note on Thursday, June 8th. Scotiabank boosted their price objective on shares of Dollarama from C$141.00 to C$143.00 and gave the company an outperform rating in a research note on Thursday, June 8th. Barclays PLC boosted their price objective on shares of Dollarama from C$115.00 to C$121.00 and gave the company an equal weight rating in a research note on Wednesday, June 7th. Finally, BMO Capital Markets boosted their price objective on shares of Dollarama from C$122.00 to C$141.00 and gave the company an outperform rating in a research note on Tuesday, June 6th. Three investment analysts have rated the stock with a hold rating and eight have given a buy rating to the stock. Dollarama currently has a consensus rating of Buy and a consensus price target of C$143.67.

Dollarama (TSE:DOL) opened at 139.50 on Friday. Dollarama has a 1-year low of $93.27 and a 1-year high of $139.93. The firm’s 50-day moving average price is $123.14 and its 200-day moving average price is $117.86. The firm has a market capitalization of $15.85 billion and a PE ratio of 36.12.

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The firm also recently announced a quarterly dividend, which will be paid on Wednesday, November 1st. Investors of record on Friday, October 6th will be issued a dividend of $0.11 per share. The ex-dividend date is Thursday, October 5th. This represents a $0.44 annualized dividend and a dividend yield of 0.32%.

In related news, Director Nicolas Hien sold 1,750 shares of Dollarama stock in a transaction on Monday, July 17th. The shares were sold at an average price of C$122.83, for a total transaction of C$214,952.50.

About Dollarama

Dollarama Inc is a Canada-based holding company. The Company operates dollar stores. It has approximately 1,030 stores in operation in Canada. Its stores have an average area of approximately 9,942 square feet, and offer a range of consumer products, general merchandise and seasonal items, including private label and nationally branded products.

Analyst Recommendations for Dollarama (TSE:DOL)

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