Dollarama (DOL) has received a rating update from a Wall Street analyst today. National Bank’s analyst Vishal Shreedhar reiterates their Hold rating on the shares, with a C$40 price target.
According to TipRanks.com, Shreedhar is ranked #3760 out of 5249 analysts.
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Currently, the analyst consensus on Dollarama is a Moderate Buy with an average price target of C$42.
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 Wednesday at C$34.63, close to its 52-week low of C$30.70.
