Dollarama (TSE:DOL) Upgraded to Buy at TD Securities

TD Securities upgraded shares of Dollarama (TSE:DOL) from a hold rating to a buy rating in a report published on Wednesday, BayStreet.CA reports. TD Securities currently has C$48.00 price target on the stock.

A number of other analysts have also commented on DOL. National Bank Financial dropped their price target on Dollarama from C$51.00 to C$48.00 and set an outperform rating for the company in a research note on Monday. Wells Fargo & Co lowered Dollarama from an overweight rating to an underweight rating and dropped their price target for the stock from C$53.00 to C$37.00 in a research note on Thursday, February 20th. BMO Capital Markets dropped their price target on Dollarama from C$52.00 to C$50.00 in a research note on Thursday, December 5th. Finally, Desjardins reaffirmed a hold rating on shares of Dollarama in a research note on Thursday, November 28th. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating and four have assigned a buy rating to the stock. The company presently has a consensus rating of Hold and a consensus price target of C$47.30.

DOL stock traded up C$1.11 on Wednesday, reaching C$42.42. The company’s stock had a trading volume of 1,750,725 shares, compared to its average volume of 1,066,202. The business has a fifty day simple moving average of C$40.46 and a two-hundred day simple moving average of C$44.89. Dollarama has a 12-month low of C$33.00 and a 12-month high of C$52.12. The firm has a market cap of $11.82 billion and a PE ratio of 24.17.

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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