National Bank Financial Increases Dollarama (TSE:DOL) Price Target to C$49.00

Dollarama (TSE:DOL) had its target price raised by analysts at National Bank Financial from C$44.00 to C$49.00 in a research note issued to investors on Friday, BayStreet.CA reports. The brokerage presently has an “outperform” rating on the stock. National Bank Financial’s price target indicates a potential upside of 4.75% from the company’s current price. National Bank Financial also issued estimates for Dollarama’s Q4 2021 earnings at $0.65 EPS.

A number of other research analysts have also issued reports on DOL. Royal Bank of Canada dropped their target price 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. Raymond James reissued an “outperform” rating and issued a C$42.00 target price on shares of Dollarama in a report on Thursday, March 21st. Canaccord Genuity dropped their target price on Dollarama from C$50.00 to C$45.00 in a report on Monday, March 25th. BMO Capital Markets dropped their target price on Dollarama from C$37.00 to C$35.00 in a report on Friday, March 29th. Finally, CIBC boosted their target price on Dollarama from C$37.00 to C$44.00 and gave the company a “neutral” rating in a report on Thursday, June 6th. Four investment analysts have rated the stock with a hold rating and four have issued a buy rating to the company. The stock has an average rating of “Buy” and an average price target of C$48.14.

TSE:DOL opened at C$46.78 on Friday. The company has a market capitalization of $14.97 billion and a PE ratio of 28.01. Dollarama has a 12-month low of C$30.70 and a 12-month high of C$54.00.

Dollarama (TSE:DOL) last released its earnings results on Thursday, March 28th. The company reported C$0.54 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of C$0.55 by C($0.01). The firm had revenue of C$1.06 billion during the quarter, compared to analyst estimates of C$1.04 billion. Sell-side analysts forecast that Dollarama will post 2.081965 EPS for the current year.

About Dollarama

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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