Dollarama (TSE:DOL) had its price target raised by BMO Capital Markets from C$45.00 to C$50.00 in a report released on Friday, BayStreet.CA reports.
Several other research firms also recently weighed in on DOL. Canaccord Genuity lowered their target price on Dollarama from C$50.00 to C$45.00 in a research report on Monday, March 25th. TD Securities lifted their target price on Dollarama from C$40.00 to C$45.00 in a research report on Friday, June 7th. National Bank Financial upgraded Dollarama from a sector perform rating to an outperform rating and lifted their target price for the company from C$40.00 to C$41.00 in a research report on Friday, March 29th. Raymond James reiterated an outperform rating and set a C$42.00 target price on shares of Dollarama in a research report on Thursday, March 21st. Finally, Royal Bank of Canada lowered their target price on Dollarama from C$49.00 to C$46.00 and set an outperform rating on the stock in a research report on Wednesday, March 13th. Four investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. The company currently has an average rating of Buy and a consensus target price of C$48.14.
TSE DOL opened at C$46.78 on Friday. The firm has a market cap of $14.97 billion and a P/E ratio of 28.01. Dollarama has a fifty-two week low of C$30.70 and a fifty-two week high of C$54.00.
The firm also recently disclosed a quarterly dividend, which will be paid on Friday, August 9th. Stockholders of record on Friday, July 12th will be given a $0.044 dividend. The ex-dividend date is Thursday, July 11th. This represents a $0.18 annualized dividend and a dividend yield of 0.38%. Dollarama’s payout ratio is 9.58%.
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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