Analysts have been quite happy with Dollarama (DOL) stock lately, as another research firm gave the stock a Buy rating today. Analyst Derek Dley from Canaccord Genuity reiterated a Buy rating, with a C$45 price target.
Dley has an average return of 8.2% when recommending Dollarama.
According to TipRanks.com, Dley is ranked #785 out of 5246 analysts.
Dollarama has an analyst consensus of Strong Buy, with a price target consensus of C$42.60, implying a 20.9% upside from current levels. In a report issued on March 13, RBC Capital also reiterated a Buy rating on the stock with a C$46 price target.
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Based on Dollarama’s latest earnings release for the quarter ending October 31, the company reported a quarterly net profit of C$134 million. In comparison, last year the company had a net profit of C$163 million.
Dollarama, Inc. engages in the operation of dollar store chain It offers a broad range of consumer products and general merchandise for everyday use, in addition to seasonal products. The company was founded by Lawrence Rossy in 1992 and is headquartered in Montreal, Canada.
The company’s shares closed on Monday at C$35.21.
