Dollarama (DOL:TSX) Analysts Update Coverage and Rate a “Consensus Buy”

Dollarama (DOL:TSX) Analysts Update Coverage and Rate a "Consensus Buy"

Analyst Ratings Coverage

The recent analyst ratings coverage update on Dollarama’s stock reveals varying perspectives from different financial institutions:

STA Research:

Recommendation: Hold
Target Price: CAD 90
Date of Analysis: 01/29/2024
Summary: STA Research maintains a “Hold” recommendation on Dollarama’s stock, suggesting a neutral stance. They set a target price of CAD 90, indicating a view that aligns with maintaining current positions without active buying or selling.

National Bank Financial:

Recommendation: Sector Perform
Target Price: CAD 107
Date of Analysis: 01/29/2024
Summary: National Bank Financial downgrades its stance on Dollarama, shifting from a specific recommendation to a broader “Sector Perform” rating. This implies an expectation that Dollarama’s performance will align with the overall sector. The new target price is set at CAD 107.

Scotia Capital:

Recommendation: Sector Perform
Target Price: CAD 107
Date of Analysis: 01/29/2024
Summary: Scotia Capital maintains a “Sector Perform” rating on Dollarama’s stock, indicating an expectation that the company’s performance will be in line with the sector. Similar to National Bank Financial, Scotia Capital sets a target price of CAD 107.

Dollarama Forecast Analysis

Analyst Target Price:

The average analyst target price for Dollarama Inc over the next 12 months, as assessed by 11 analysts, is CAD 100.61. This figure represents the consensus among analysts on the expected stock price within the coming year.

Analyst Rating:

The average analyst rating for Dollarama Inc is categorized as “Buy.” This implies that, on average, analysts recommend buying or holding the stock based on their assessments of its performance and potential.

Stock Target Advisor’s Analysis:

Stock Target Advisor, an independent analysis source, provides its own evaluation of Dollarama Inc’s stock. Their analysis categorizes Dollarama’s stock as “Very Bullish.”
This bullish outlook is based on 19 positive signals and 0 negative signals. These signals likely encompass various technical, fundamental, and sentiment indicators that contribute to the overall assessment.

Recent Stock Performance:

At the last closing, Dollarama Inc’s stock price was CAD 99.26.
Over the past week, the stock price has changed by +0.05%, indicating a marginal increase.
Over the past month, there has been a significant increase of +5.05% in the stock price.
Over the last year, the stock has shown substantial positive performance, with a gain of +23.69%.

Final Analysis

In summary, the consensus among analysts is positive, with a “Buy” rating and an average target price of CAD 100.61. Stock Target Advisor’s assessment is “Very Bullish,” based on a combination of signals. The recent stock performance indicates positive growth, particularly over the past month and year.

 

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