Dollarama (DOL) has received a rating update from a Wall Street analyst today. The company received a Hold rating from BMO Capital’s analyst Peter Sklar, with a C$50 price target.
Sklar has an average return of 26.7% when recommending Dollarama.
According to TipRanks.com, Sklar is ranked #1102 out of 5202 analysts.
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Dollarama has an analyst consensus of Moderate Buy, with a price target consensus of C$45.88, a -1.8% downside from current levels. In a report released today, Desjardins also downgraded the stock to Hold with a C$49 price target.
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Based on Dollarama’s latest earnings release for the quarter ending April 30, the company reported a quarterly net profit of C$104 million. In comparison, last year the company had a net profit of C$102 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 Friday at C$46.73.
