Dollarama Inc (DOL) Now Covered by Analysts at Wells Fargo & Company

Wells Fargo & Company assumed coverage on shares of Dollarama Inc (TSE:DOL) in a report released on Friday. The firm issued a market perform rating and a C$150.00 target price on the stock.

Several other brokerages also recently commented on DOL. Desjardins upgraded Dollarama from a hold rating to a buy rating and increased their price target for the company from C$134.00 to C$154.00 in a report on Friday, September 8th. National Bank Financial increased their price target on Dollarama from C$140.00 to C$145.00 in a report on Friday, September 8th. Raymond James Financial, Inc. increased their price target on Dollarama from C$140.00 to C$143.00 in a report on Friday, September 8th. BMO Capital Markets increased their price target on Dollarama from C$141.00 to C$150.00 in a report on Friday, September 8th. Finally, Scotiabank increased their price target on Dollarama from C$143.00 to C$162.00 and gave the company an outperform rating in a report on Friday, September 8th. Four investment analysts have rated the stock with a hold rating and eight have issued a buy rating to the company’s stock. The company presently has a consensus rating of Buy and a consensus target price of C$144.54.

Dollarama (TSE:DOL) opened at C$142.54 on Friday.

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The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, November 1st. Stockholders of record on Friday, October 6th were given a $0.11 dividend. The ex-dividend date of this dividend was Thursday, October 5th. This represents a $0.44 annualized dividend and a dividend yield of 0.31%.

In other news, insider Geoffrey Peter Robillard sold 5,000 shares of the stock in a transaction that occurred 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.

Dollarama Company Profile

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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