Dollarama (DLMAF) Gets a Buy from Scotiabank

Scotiabank analyst John Zamparo maintained a Buy rating on Dollarama today and set a price target of C$205.00. The company’s shares closed yesterday at $133.09.

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According to TipRanks, Zamparo is a 2-star analyst with an average return of 1.0% and a 41.44% success rate.

Dollarama has an analyst consensus of Moderate Buy, with a price target consensus of $148.81, implying an 11.81% upside from current levels. In a report released today, National Bank also maintained a Buy rating on the stock with a C$203.00 price target.

Based on Dollarama’s latest earnings release for the quarter ending April 30, the company reported a quarterly revenue of $1.52 billion and a net profit of $273.76 million. In comparison, last year the company earned a revenue of $1.41 billion and had a net profit of $215.84 million

Based on the recent corporate insider activity of 25 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.