RBC Capital Reaffirms Their Buy Rating on Dollarama (DLMAF)
RBC Capital analyst Irene Nattel reiterated a Buy rating on Dollarama (DLMAF – Research Report) yesterday and set a price target of C$207.00. The company’s shares closed last Wednesday at $139.75.
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Nattel covers the Consumer Cyclical sector, focusing on stocks such as Dollarama, Casey’s General, and Alimentation Couche-Tard Inc. According to TipRanks, Nattel has an average return of 11.9% and a 64.85% success rate on recommended stocks.
The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Dollarama with a $146.60 average price target, representing a 4.90% upside. In a report released on June 12, Jefferies also maintained a Buy rating on the stock with a C$223.00 price target.
The company has a one-year high of $144.08 and a one-year low of $88.12. Currently, Dollarama has an average volume of 40.77K.
Based on the recent corporate insider activity of 29 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of DLMAF in relation to earlier this year.
Read More on DLMAF:
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- Dollarama’s Earnings Call: Strong Growth Amid Challenges
- Dollarama Announces $600 Million Private Offering of Senior Unsecured Notes
- Dollarama price target raised to C$205 from C$185 at Desjardins
- Dollarama price target raised to C$207 from C$190 at RBC Capital
- Dollarama price target raised to C$190 from C$162.50 at Stifel
