What’s Next for Dollarama Inc After Today’s Huge Decline?


 What's Next for Dollarama Inc After Today's Huge Decline?

The stock of Dollarama Inc (TSE:DOL) is a huge mover today! About 64,576 shares traded hands. Dollarama Inc (TSE:DOL) has risen 33.39% since March 14, 2016 and is uptrending. It has outperformed by 27.84% the S&P500.
The move comes after 6 months negative chart setup for the $12.23B company. It was reported on Oct, 19 by Barchart.com. We have $95.41 PT which if reached, will make TSE:DOL worth $856.10M less.

Dollarama Inc (TSE:DOL) Ratings Coverage

Out of 10 analysts covering Dollarama Inc (TSE:DOL), 8 rate it a “Buy”, 0 “Sell”, while 2 “Hold”. This means 80% are positive. Dollarama Inc has been the topic of 40 analyst reports since August 27, 2015 according to StockzIntelligence Inc. RBC Capital Markets maintained it with “Outperform” rating and $96 target price in Tuesday, November 24 report. The stock of Dollarama Inc (TSE:DOL) earned “Outperform” rating by RBC Capital Markets on Thursday, December 10. The stock of Dollarama Inc (TSE:DOL) has “Outperform” rating given on Thursday, June 9 by National Bank Canada. The stock of Dollarama Inc (TSE:DOL) has “Outperform” rating given on Friday, September 2 by BMO Capital Markets. On Friday, September 2 the stock rating was maintained by TD Securities with “Buy”. The company was upgraded on Monday, January 4 by BMO Capital Markets. RBC Capital Markets maintained the stock with “Outperform” rating in Friday, June 3 report. The stock has “Buy” rating given by TD Securities on Wednesday, August 24. The firm has “Buy” rating by TD Securities given on Tuesday, September 1. Scotia Capital maintained the stock with “Outperform” rating in Friday, June 3 report.

More notable recent Dollarama Inc (TSE:DOL) news were published by: Fool.ca which released: “The Big Reason NOT to Own Dollarama Inc.” on October 12, 2016, also Fool.ca with their article: “Why Dollarama Inc. Is Canada’s Hottest Retail Stock” published on October 11, 2016, Business.Financialpost.com published: “TD upgrades Dollarama Inc to buy” on August 24, 2016. More interesting news about Dollarama Inc (TSE:DOL) were released by: Business.Financialpost.com and their article: “Dollarama Inc considers offering online sales for bulk buyers to complement …” published on September 01, 2016 as well as Business.Financialpost.com‘s news article titled: “Dollarama Inc investors getting bang for their buck as company beats profit …” with publication date: June 08, 2016.

Dollarama Inc. is a Canada-based holding company. The company has a market cap of $12.23 billion. The Firm operates dollar stores. It has a 30.69 P/E ratio. It has approximately 1,030 stores in operation in Canada.

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