Dollarama (TSE:DOL – Get Free Report) had its target price increased by research analysts at Royal Bank of Canada from C$114.00 to C$118.00 in a research note issued on Wednesday, BayStreet.CA reports. The brokerage currently has an “outperform” rating on the stock. Royal Bank of Canada’s price target would suggest a potential upside of 14.35% from the company’s previous close.
DOL has been the subject of a number of other research reports. TD Securities downgraded Dollarama from a “buy” rating to a “hold” rating and set a C$105.00 price objective for the company. in a report on Thursday, December 14th. Stifel Nicolaus downgraded Dollarama from a “buy” rating to a “hold” rating and decreased their price objective for the stock from C$104.00 to C$100.00 in a report on Thursday, December 14th. Scotiabank raised their price target on Dollarama from C$99.50 to C$104.00 and gave the company an “outperform” rating in a report on Monday, December 4th. Stifel Canada downgraded Dollarama from a “buy” rating to a “hold” rating in a report on Wednesday, December 13th. Finally, Wells Fargo & Company reduced their price target on Dollarama from C$110.00 to C$105.00 in a report on Thursday, January 4th. Six research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. According to data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus target price of C$102.18.
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Dollarama Price Performance
About Dollarama
Dollarama Inc operates a chain of dollar stores in Canada. Its stores offer general merchandise, consumables, and seasonal products. It also sells its products through online store. The company was formerly known as Dollarama Capital Corporation and changed its name to Dollarama Inc in September 2009.
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