RBC Capital Sticks to Its Buy Rating for Dollarama (DLMAF)

In a report released yesterday, Irene Nattel from RBC Capital maintained a Buy rating on Dollarama, with a price target of C$225.00. The company’s shares closed yesterday at C$197.49.

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According to TipRanks, Nattel is a 5-star analyst with an average return of 17.3% and a 66.39% success rate. Nattel covers the Consumer Defensive sector, focusing on stocks such as Loblaw Companies, Maple Leaf Foods, and Dollarama.

Currently, the analyst consensus on Dollarama is a Moderate Buy with an average price target of $155.78, a -21.12% downside from current levels. In a report released on December 3, National Bank also maintained a Buy rating on the stock with a C$214.00 price target.

Based on Dollarama’s latest earnings release for the quarter ending July 31, the company reported a quarterly revenue of C$1.72 billion and a net profit of C$321.5 million. In comparison, last year the company earned a revenue of C$1.56 billion and had a net profit of C$285.94 million

Based on the recent corporate insider activity of 22 insiders, corporate insider sentiment is positive on the stock. This means that over the past quarter there has been an increase of insiders buying their shares of DLMAF in relation to earlier this year.