Dollarama Inc. (OTCMKTS:DLMAF) Receives Average Recommendation of “Moderate Buy” from Analysts

Dollarama Inc. (OTCMKTS:DLMAFGet Rating) has been given an average recommendation of “Hold” by the ten analysts that are presently covering the stock, Marketbeat reports. Three investment analysts have rated the stock with a hold rating. The average 1-year price objective among analysts that have covered the stock in the last year is $85.05.

Several equities analysts recently issued reports on the company. Industrial Alliance Securities lowered Dollarama from a “buy” rating to a “hold” rating and set a $76.00 price target on the stock. in a research note on Thursday, June 9th. Royal Bank of Canada boosted their price target on Dollarama from C$81.00 to C$93.00 in a research note on Wednesday, August 31st. Scotiabank lifted their price objective on Dollarama from C$81.00 to C$90.00 in a report on Monday, September 12th. BMO Capital Markets lifted their price objective on Dollarama from C$80.00 to C$95.00 in a report on Thursday, August 25th. Finally, Canaccord Genuity Group lifted their price objective on Dollarama from C$72.00 to C$80.00 and gave the company a “hold” rating in a report on Thursday, September 8th.

Dollarama Stock Performance

Shares of DLMAF opened at $57.62 on Monday. Dollarama has a 12-month low of $42.36 and a 12-month high of $64.21. The stock’s 50-day moving average price is $60.47 and its 200 day moving average price is $57.58.

Dollarama Company Profile

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Dollarama Inc operates a chain of dollar stores in Canada. Its stores offer general merchandise, consumables, and seasonal products. The company also sells its products through online store. As of July 31, 2022, it operated 1,444 stores. The company was formerly known as Dollarama Capital Corporation and changed its name to Dollarama Inc in September 2009.

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Analyst Recommendations for Dollarama (OTCMKTS:DLMAF)

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