Dollarama (TSE:DOL – Free Report) had its price objective hoisted by Royal Bank of Canada from C$114.00 to C$118.00 in a research note released on Wednesday morning, BayStreet.CA reports. Royal Bank of Canada currently has an outperform rating on the stock.
A number of other research analysts have also recently issued reports on the stock. Stifel Nicolaus cut shares of Dollarama from a buy rating to a hold rating and decreased their price target for the stock from C$104.00 to C$100.00 in a report on Thursday, December 14th. Stifel Canada cut shares of Dollarama from a buy rating to a hold rating in a report on Wednesday, December 13th. TD Securities cut shares of Dollarama from a buy rating to a hold rating and set a C$105.00 price target for the company. in a report on Thursday, December 14th. National Bank Financial raised shares of Dollarama from a sector perform market weight rating to an outperform market weight rating in a report on Wednesday, March 13th. Finally, National Bankshares raised their target price on shares of Dollarama from C$108.00 to C$112.00 in a report on Wednesday, March 13th. Six analysts have rated the stock with a hold rating and four have given a buy rating to the company. According to MarketBeat.com, Dollarama has a consensus rating of Hold and a consensus price target of C$102.18.
Read Our Latest Research Report on Dollarama
Dollarama Trading Up 1.6 %
Dollarama Dividend Announcement
The company also recently declared a quarterly dividend, which was paid on Friday, February 2nd. Investors of record on Friday, February 2nd were given a dividend of $0.071 per share. The ex-dividend date was Thursday, January 4th. This represents a $0.28 annualized dividend and a yield of 0.27%. Dollarama’s dividend payout ratio is presently 8.43%.
About Dollarama
Dollarama Inc operates a chain of dollar stores in Canada. Its stores offer general merchandise, consumables, and seasonal products. It also sells its products through online store. The company was formerly known as Dollarama Capital Corporation and changed its name to Dollarama Inc in September 2009.
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