Dollarama Inc (DOL) Target Price Boosted to C$125.00 at TD Securities

Dollarama Inc (DOL) Target Price Boosted to C$125.00 at TD Securities

Dollarama Inc (TSE:DOL) had its price objective boosted by TD Securities from C$115.00 to C$125.00 in a report published on Sunday morning, StockTargetPrices.com reports. The firm currently has a buy rating on the stock.

Other equities research analysts also recently issued research reports about the stock. Desjardins raised their price objective on shares of Dollarama from C$116.00 to C$120.00 and gave the stock a buy rating in a research note on Friday. CIBC raised their price objective on shares of Dollarama from C$111.00 to C$125.00 in a research note on Friday. Scotiabank raised their price objective on shares of Dollarama from C$115.00 to C$121.00 and gave the stock an outperform rating in a research note on Friday. National Bank Financial raised their price objective on shares of Dollarama from C$113.00 to C$122.00 and gave the stock an outperform rating in a research note on Friday. Finally, Eight Capital raised their price objective on shares of Dollarama from C$120.00 to C$130.00 and gave the stock a buy rating in a research note on Friday. Two equities research analysts have rated the stock with a hold rating and eight have issued a buy rating to the stock. The company currently has a consensus rating of Buy and a consensus target price of C$119.18.

Dollarama (TSE:DOL) opened at 110.21 on Friday. Dollarama has a 52-week low of $86.57 and a 52-week high of $111.68. The company has a market cap of $12.88 billion and a price-to-earnings ratio of 29.71. The stock’s 50 day moving average is $101.98 and its 200 day moving average is $100.60.

The company also recently announced a quarterly dividend, which will be paid on Wednesday, May 3rd. Investors of record on Wednesday, May 3rd will be given a $0.11 dividend. This is a boost from Dollarama’s previous quarterly dividend of $0.10. This represents a $0.44 annualized dividend and a yield of 0.40%. The ex-dividend date is Wednesday, April 19th.

About Dollarama

Dollarama Inc is a Canada-based holding company. The Company operates dollar stores. It has approximately 1,030 stores in operation in Canada. Its stores have an average area of approximately 9,942 square feet, and offer a range of consumer products, general merchandise and seasonal items, including private label and nationally branded products.

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