In a new note to investors today, an analyst has provided a rating update for Dollarama (DOL). Analyst Brian Morrison from TD Securities reiterated a Hold rating, with a C$44 price target.
Morrison has an average return of 0.2% when recommending Dollarama.
According to TipRanks.com, Morrison is ranked #3431 out of 5129 analysts.
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Currently, the analyst consensus on Dollarama is a Moderate Buy with an average price target of C$47.73, a 41.2% upside from current levels. In a report issued on November 22, CIBC also reiterated a Hold rating on the stock with a C$40 price target.
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Based on Dollarama’s latest earnings release for the quarter ending July 31, the company reported a quarterly net profit of C$142 million. In comparison, last year the company had a net profit of C$130 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$33.81, close to its 52-week low of C$33.21.
