Dollarama (DOL) Given New C$152.00 Price Target at BMO Capital Markets

Dollarama (TSE:DOL) had its price objective decreased by BMO Capital Markets from C$155.00 to C$152.00 in a research note published on Thursday morning. BMO Capital Markets currently has a market perform rating on the stock.

A number of other equities research analysts have also recently commented on DOL. National Bank Financial raised their price objective on shares of Dollarama from C$140.00 to C$145.00 in a research note on Friday, September 8th. CIBC raised their price objective on shares of Dollarama from C$141.00 to C$157.00 in a research note on Friday, September 8th. Raymond James Financial increased their target price on Dollarama from C$140.00 to C$143.00 in a research report on Friday, September 8th. Eight Capital increased their target price on Dollarama from C$140.00 to C$150.00 in a research report on Friday, September 8th. Finally, Desjardins upgraded Dollarama from a hold rating to a buy rating and increased their target price for the company from C$134.00 to C$154.00 in a research report on Friday, September 8th. Four research analysts have rated the stock with a hold rating and eight have issued a buy rating to the company’s stock. The company has an average rating of Buy and an average target price of C$161.42.

Shares of Dollarama (TSE:DOL) opened at C$158.68 on Thursday. Dollarama has a one year low of C$96.50 and a one year high of C$166.62.

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, January 31st. Shareholders of record on Friday, January 5th will be issued a $0.11 dividend. The ex-dividend date is Thursday, January 4th. This represents a $0.44 dividend on an annualized basis and a yield of 0.28%. Dollarama’s payout ratio is currently 9.66%.

In other Dollarama news, insider Geoffrey Peter Robillard sold 5,000 shares of the firm’s stock in a transaction on Tuesday, September 12th. The stock was sold at an average price of C$133.99, for a total value of C$669,950.00.

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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.

Analyst Recommendations for Dollarama (TSE:DOL)

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