Dollarama (TSE:DOL) Price Target Raised to C$48.00 at CIBC

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Dollarama (TSE:DOL) had its price objective raised by investment analysts at CIBC from C$44.00 to C$48.00 in a research report issued on Friday, BayStreet.CA reports. CIBC’s price objective would suggest a potential upside of 2.61% from the company’s current price.

Several other brokerages also recently issued reports on DOL. Canaccord Genuity cut their price target on Dollarama from C$50.00 to C$45.00 in a report on Monday, March 25th. BMO Capital Markets raised their price target on Dollarama from C$35.00 to C$45.00 and gave the stock a “market perform” rating in a report on Wednesday, June 5th. TD Securities lifted their target price on Dollarama from C$40.00 to C$45.00 in a research note on Friday, June 7th. National Bank Financial raised 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 note on Friday, March 29th. Finally, Raymond James reaffirmed an “outperform” rating and set a C$42.00 target price on shares of Dollarama in a research note on Thursday, March 21st. Four research analysts have rated the stock with a hold rating and four have given a buy rating to the stock. Dollarama presently has an average rating of “Buy” and an average target price of C$48.14.

Shares of TSE DOL opened at C$46.78 on Friday. The company has a market capitalization of $14.97 billion and a P/E 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 announced its quarterly earnings results on Thursday, March 28th. The company reported C$0.54 earnings per share (EPS) for the quarter, missing the consensus estimate of C$0.55 by C($0.01). The company had revenue of C$1.06 billion during the quarter, compared to analyst estimates of C$1.04 billion. On average, analysts forecast that Dollarama will post 2.081965 earnings per share for the current year.

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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