National Bank Financial Downgrades Dollarama (DOL) to Sector Perform
National Bank Financial lowered shares of Dollarama (TSE:DOL) from an outperform rating to a sector perform rating in a research note issued to investors on Friday. National Bank Financial currently has C$48.00 target price on the stock, down from their prior target price of C$56.00.
Several other equities research analysts have also recently issued reports on DOL. Raymond James raised shares of Dollarama from a hold rating to a buy rating and raised their price target for the stock from C$165.00 to C$173.00 in a research note on Monday, May 28th. Desjardins raised shares of Dollarama from a hold rating to a buy rating in a research note on Monday, May 28th. Industrial Alliance Securities raised shares of Dollarama from a hold rating to a buy rating and set a C$163.00 price target on the stock in a research note on Friday, June 1st. TD Securities raised shares of Dollarama from a hold rating to a buy rating and raised their price target for the stock from C$160.00 to C$175.00 in a research note on Monday, June 4th. Finally, CIBC decreased their price target on shares of Dollarama from C$178.00 to C$177.00 in a research note on Friday, June 8th. Four investment analysts have rated the stock with a hold rating and six have issued a buy rating to the company. Dollarama has an average rating of Buy and an average target price of C$84.18.
TSE:DOL opened at C$42.58 on Friday. Dollarama has a twelve month low of C$40.31 and a twelve month high of C$56.67.
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 June 7, 2018, it operated 1,170 stores. The company was formerly known as Dollarama Capital Corporation and changed its name to Dollarama Inc in September 2009.
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