Dollarama (TSE:DOL) Given New C$49.00 Price Target at Barclays

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Dollarama (TSE:DOL) had its target price raised by investment analysts at Barclays from C$46.00 to C$49.00 in a research note issued to investors on Thursday, BayStreet.CA reports. Barclays‘s target price points to a potential upside of 4.34% from the company’s current price.

Several other brokerages also recently issued reports on DOL. Canaccord Genuity raised their price target on Dollarama from C$44.00 to C$46.00 in a report on Thursday. BMO Capital Markets raised their price target on Dollarama from C$45.00 to C$52.00 in a report on Thursday. TD Securities raised their price target on Dollarama from C$49.00 to C$56.00 and gave the company a “buy” rating in a report on Thursday. Royal Bank of Canada raised their price target on Dollarama from C$55.00 to C$57.00 and gave the company an “outperform” rating in a report on Thursday. Finally, National Bank Financial increased their price objective on Dollarama from C$50.00 to C$53.00 and gave the stock an “outperform” rating in a research report on Thursday. One investment analyst has rated the stock with a sell rating, three have given a hold rating and four have issued a buy rating to the stock. Dollarama has an average rating of “Hold” and an average target price of C$49.73.

Dollarama stock traded down C$1.06 during mid-day trading on Thursday, hitting C$46.96. 641,797 shares of the company’s stock traded hands, compared to its average volume of 1,003,998. The firm has a 50 day simple moving average of C$44.43 and a two-hundred day simple moving average of C$43.51. Dollarama has a fifty-two week low of C$34.70 and a fifty-two week high of C$52.12. The stock has a market cap of $14.63 billion and a price-to-earnings ratio of 26.38.

Dollarama (TSE:DOL) last announced its quarterly earnings results on Wednesday, April 1st. The company reported C$0.57 earnings per share (EPS) for the quarter, meeting the consensus estimate of C$0.57. The business had revenue of C$1.07 billion for the quarter, compared to analyst estimates of C$1.06 billion. Equities research analysts forecast that Dollarama will post 2.1600001 EPS for the current year.

In related news, Director John Huw Thomas sold 6,000 shares of the firm’s stock in a transaction on Monday, April 6th. The stock was sold at an average price of C$38.76, for a total value of C$232,552.20. Following the transaction, the director now owns 31,200 shares in the company, valued at C$1,209,271.44. Also, Director John Assaly sold 2,805 shares of the firm’s stock in a transaction on Thursday, April 9th. The stock was sold at an average price of C$40.90, for a total value of C$114,716.09. Following the completion of the transaction, the director now owns 8,621 shares in the company, valued at approximately C$352,573.04.

Dollarama Company Profile

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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Analyst Recommendations for Dollarama (TSE:DOL)

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