Dollarama (TSE:DOL) had its price objective lifted by Royal Bank of Canada from C$46.00 to C$51.00 in a research report sent to investors on Friday, June 7th, BayStreet.CA reports. Royal Bank of Canada currently has an outperform rating on the stock.
Other research analysts have also issued research reports about the company. TD Securities boosted their target price on Dollarama from C$40.00 to C$45.00 in a report on Friday, June 7th. BMO Capital Markets dropped their target price on Dollarama from C$37.00 to C$35.00 in a report on Friday, March 29th. Canaccord Genuity decreased their price target on Dollarama from C$50.00 to C$45.00 in a research note on Monday, March 25th. CIBC lifted their price target on Dollarama from C$37.00 to C$44.00 and gave the company a neutral rating in a research note on Thursday, June 6th. Finally, Raymond James boosted their target price on Dollarama from C$40.00 to C$45.00 and gave the stock an outperform rating in a research report on Thursday, June 6th. Four research analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. Dollarama presently has a consensus rating of Buy and an average price target of C$48.14.
DOL traded up C$0.30 during trading on Friday, hitting C$46.07. 839,600 shares of the stock were exchanged, compared to its average volume of 847,315. The company has a market cap of $14.50 billion and a price-to-earnings ratio of 27.20. Dollarama has a 1-year low of C$30.70 and a 1-year high of C$52.49. The company’s fifty day simple moving average is C$43.48.
The business 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 dividend payout ratio is currently 9.68%.
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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