Shares of Dollarama Inc (TSE:DOL) have been given a consensus rating of “Buy” by the twelve analysts that are currently covering the stock, Marketbeat Ratings reports. Three analysts have rated the stock with a hold rating and five have given a buy rating to the company. The average twelve-month target price among brokerages that have issued a report on the stock in the last year is C$58.86.

DOL has been the topic of several research reports. Macquarie decreased their price objective on shares of Dollarama from C$56.33 to C$49.00 in a report on Friday, September 14th. Canaccord Genuity decreased their price objective on shares of Dollarama from C$59.00 to C$55.00 in a report on Friday, September 14th. Raymond James reiterated an “outperform” rating and issued a C$50.00 price objective on shares of Dollarama in a report on Thursday, November 1st. BMO Capital Markets decreased their price objective on shares of Dollarama from C$47.00 to C$42.00 in a report on Friday, November 2nd. Finally, TD Securities downgraded shares of Dollarama from a “buy” rating to a “hold” rating and decreased their price objective for the company from C$59.00 to C$49.00 in a report on Friday, September 14th.

In related news, insider Geoffrey Peter Robillard sold 20,000 shares of the company’s stock in a transaction dated Friday, October 26th. The shares were sold at an average price of C$39.19, for a total value of C$783,800.00. Also, insider Michael Ross purchased 1,400 shares of the firm’s stock in a transaction that occurred on Thursday, October 11th. The stock was acquired at an average price of C$36.98 per share, for a total transaction of C$51,772.00.

Shares of DOL opened at C$33.33 on Friday. Dollarama has a 1-year low of C$31.35 and a 1-year high of C$56.67.

Dollarama (TSE:DOL) last issued its earnings results on Thursday, September 13th. The company reported C$0.43 earnings per share for the quarter, missing the Zacks’ consensus estimate of C$0.44 by C($0.01). The company had revenue of C$868.45 million for the quarter, compared to analyst estimates of C$883.00 million. Equities analysts expect that Dollarama will post 1.91999986052214 earnings per share for the current year.

About Dollarama

Dollarama Inc operates a chain of dollar stores in Canada. The company's stores offer consumer products, general merchandise, and seasonal items, including private label and branded products. As of July 29, 2018, it operated 1,178 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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