Raymond James Lowers Dollarama (TSE:DOL) Price Target to C$40.00

Dollarama (TSE:DOL) had its price target decreased by Raymond James from C$42.00 to C$40.00 in a research note issued on Friday, March 29th, BayStreet.CA reports. The firm presently has an “outperform” rating on the stock. Raymond James’ price objective would indicate a potential downside of 0.40% from the stock’s previous close.

Several other equities research analysts have also recently commented on DOL. BMO Capital Markets dropped their target price on Dollarama from C$37.00 to C$35.00 in a report on Friday, March 29th. National Bank Financial raised Dollarama from a “sector perform” rating to an “outperform” rating and boosted their target price for the stock from C$40.00 to C$41.00 in a report on Friday, March 29th. Canaccord Genuity dropped their target price on Dollarama from C$50.00 to C$45.00 in a report on Monday, March 25th. Barclays dropped their price target on Dollarama from C$44.00 to C$38.00 in a report on Friday, December 7th. Finally, TD Securities dropped their price target on Dollarama from C$44.00 to C$40.00 in a report on Friday, December 7th. Two analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company’s stock. Dollarama currently has an average rating of “Buy” and an average target price of C$52.96.

Shares of TSE DOL traded up C$1.29 during midday trading on Friday, hitting C$40.16. 1,050,700 shares of the company’s stock were exchanged, compared to its average volume of 851,933. The company has a market cap of $12.85 billion and a PE ratio of 24.05. Dollarama has a twelve month low of C$30.70 and a twelve month high of C$54.00.

Dollarama (TSE:DOL) last issued its quarterly earnings data on Thursday, March 28th. The company reported C$0.54 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ 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. As a group, equities research analysts forecast that Dollarama will post 2.06053377275724 earnings per share 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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Analyst Recommendations for Dollarama (TSE:DOL)

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