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

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

The stock of Dollarama Inc (TSE:DOL) is a huge mover today! About 27,757 shares traded hands. Dollarama Inc (TSE:DOL) has risen 7.96% since April 14, 2016 and is uptrending. It has outperformed by 3.53% the S&P500.
The move comes after 8 months negative chart setup for the $11.77 billion company. It was reported on Nov, 18 by Barchart.com. We have $89.57 PT which if reached, will make TSE:DOL worth $1.06B 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. $122 is the highest target while $76 is the lowest. The $106.36 average target is 8.06% above today’s ($98.43) stock price. Dollarama Inc has been the topic of 40 analyst reports since August 27, 2015 according to StockzIntelligence Inc. The company was upgraded on Wednesday, August 24 by TD Securities. As per Friday, June 3, the company rating was maintained by RBC Capital Markets. As per Friday, September 2, the company rating was maintained by TD Securities. The rating was maintained by National Bank Canada with “Outperform” on Thursday, June 9. TD Securities maintained the shares of DOL in a report on Tuesday, September 1 with “Buy” rating. As per Monday, January 4, the company rating was upgraded by BMO Capital Markets. On Friday, September 2 the stock rating was maintained by BMO Capital Markets with “Outperform”. RBC Capital Markets maintained Dollarama Inc (TSE:DOL) rating on Thursday, December 10. RBC Capital Markets has “Outperform” rating and $96 price target. Scotia Capital maintained Dollarama Inc (TSE:DOL) rating on Friday, June 3. Scotia Capital has “Outperform” rating and $99 price target. The rating was maintained by RBC Capital Markets on Tuesday, November 24 with “Outperform”.

More notable recent Dollarama Inc (TSE:DOL) news were published by: Fool.ca which released: “Is it Time to Buy Dollarama Inc. on the Dip?” on November 15, 2016, also Business.Financialpost.com with their article: “TD upgrades Dollarama Inc to buy” published on August 24, 2016, Business.Financialpost.com published: “Dollarama Inc investors getting bang for their buck as company beats profit …” on June 08, 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 Seekingalpha.com‘s news article titled: “Dollarama, Inc.: Onward And Upward” with publication date: July 05, 2016.

Dollarama Inc. is a Canada-based holding company. The company has a market cap of $11.77 billion. The Firm operates dollar stores. It has a 29.45 P/E ratio. It has approximately 1,030 stores in operation in Canada.

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