Royal Bank of Canada Increases Dollarama (OTCMKTS:DLMAF) Price Target to C$105.00

Dollarama (OTCMKTS:DLMAF) had its target price hoisted by investment analysts at Royal Bank of Canada from C$101.00 to C$105.00 in a note issued to investors on Thursday, FlyOnTheWall reports.

Other analysts have also recently issued reports about the stock. BMO Capital Markets raised their target price on shares of Dollarama from C$95.00 to C$105.00 in a report on Thursday. Stifel Nicolaus increased their target price on shares of Dollarama from C$94.00 to C$96.00 in a research report on Thursday, June 8th. Scotiabank raised their price target on shares of Dollarama from C$95.50 to C$99.50 in a report on Thursday. Finally, National Bank Financial raised their target price on shares of Dollarama from C$97.00 to C$104.00 in a research note on Thursday.

Dollarama Trading Down 0.8 %

Dollarama stock opened at $70.50 on Thursday. Dollarama has a 12-month low of $54.66 and a 12-month high of $71.52. The firm has a 50 day simple moving average of $65.25 and a 200-day simple moving average of $62.73.

About Dollarama

Dollarama Inc operates a chain of dollar stores in Canada. Its stores offer general merchandise, consumables, and seasonal products. It also sells its products through online store. The company was formerly known as Dollarama Capital Corporation and changed its name to Dollarama Inc in September 2009.