TD Securities cut shares of Dollarama (TSE:DOL) from a buy rating to a hold rating in a research note released on Friday morning. The brokerage currently has C$49.00 price objective on the stock, down from their previous price objective of C$59.00.
DOL has been the topic of a number of other research reports. Barclays upped their price target on shares of Dollarama from C$52.00 to C$53.00 in a research report on Wednesday. Industrial Alliance Securities raised shares of Dollarama from a hold rating to a buy rating and set a C$54.50 price target on the stock in a research report on Thursday, September 6th. Desjardins raised shares of Dollarama from a hold rating to a buy rating in a research report on Monday, May 28th. Royal Bank of Canada cut their price target on shares of Dollarama from C$167.00 to C$166.00 and set an outperform rating on the stock in a research report on Friday, June 8th. Finally, Raymond James raised shares of Dollarama from a hold rating to a buy rating and upped their price target for the company from C$165.00 to C$173.00 in a research report on Monday, May 28th. Four equities research analysts have rated the stock with a hold rating and six have issued a buy rating to the company. Dollarama currently has a consensus rating of Buy and a consensus target price of C$84.18.
Shares of DOL opened at C$41.65 on Friday. Dollarama has a 12 month low of C$40.31 and a 12 month high of C$56.67.
In other news, Director John Assaly sold 13,404 shares of the company’s stock in a transaction dated Tuesday, June 19th. The shares were sold at an average price of C$153.60, for a total transaction of C$2,058,854.40.
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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