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Dollarama (DOL) was Downgraded to a Hold Rating at Desjardins


In a new note to investors today, an analyst has provided a rating update for the Services sector company, Dollarama (TSX: DOL). Analyst Keith Howlett from Desjardins rated Dollarama (TSX: DOL) a Hold, setting a C$45 price target.

Howlett has an average return of 17.4% when recommending Dollarama.

According to TipRanks.com, Howlett is ranked #1667 out of 4875 analysts.

Currently, the analyst consensus on Dollarama is a Moderate Buy with an average price target of C$50.95, implying a 22.0% upside from current levels. In a report released yesterday, BMO Capital also downgraded the stock to Hold with a C$47 price target.

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The company has a one-year high of C$56.67 and a one-year low of C$41.63. Currently, Dollarama has an average volume of 773.2K.

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$41.74, close to its 52-week low of C$41.63.