Dollarama (OTCMKTS:DLMAF) Price Target Cut to C$62.00

Dollarama (OTCMKTS:DLMAF) had its price objective lowered by Scotiabank from C$64.00 to C$62.00 in a report published on Thursday, The Fly reports. The brokerage currently has an outperform rating on the stock.

A number of other analysts have also issued reports on DLMAF. National Bank Financial reissued an outperform rating on shares of Dollarama in a research report on Thursday, April 1st. Barclays raised their price objective on shares of Dollarama from $60.00 to $62.00 and gave the company an overweight rating in a research report on Thursday, April 1st. Canaccord Genuity raised their price objective on shares of Dollarama from $54.00 to $55.00 and gave the company a hold rating in a research report on Thursday, April 1st. Wells Fargo & Company raised shares of Dollarama from an equal weight rating to an overweight rating in a research report on Friday, April 9th. Finally, CIBC raised their price objective on shares of Dollarama from $58.00 to $62.00 and gave the company a neutral rating in a research report on Thursday, April 1st. Three research analysts have rated the stock with a hold rating and six have given a buy rating to the stock. The company presently has an average rating of Buy and a consensus price target of $61.29.

OTCMKTS DLMAF opened at $44.71 on Thursday. The stock has a 50 day moving average of $45.05. Dollarama has a 52-week low of $32.60 and a 52-week high of $46.90.

About Dollarama

Dollarama Inc operates a chain of dollar stores in Canada. Its stores offer general merchandise, consumables, and seasonal items. The company also offers products online. As of January 31, 2021, it operated 1,355 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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