BMO Capital Sticks to Its Hold Rating for Dollarama

By Austin Angelo

Dollarama (TSX: DOL), the Services sector company was revisited on December 6, yet the Wall Street analyst remains currently on the sidelines. Analyst Peter Sklar from BMO Capital rated Dollarama (TSX: DOL) a Hold on on December 6, setting a C$152 price target.

According to TipRanks.com, Sklar is a 4-star analyst with an average return of 12.1% and a 64.1% success rate. Sklar covers the Services sector, focusing on stocks such as Restaurant Brands International, Alimentation Couche Tard, and Loblaw Companies Limited.

Dollarama has an analyst consensus of Strong Buy, with a price target consensus of C$161.40.

The company has a one-year high of C$166.62 and a one-year low of C$96.50. Currently, Dollarama has an average volume of 425.7K.

Dollarama, Inc. is a dollar store operator. It offers a broad range of consumer products and general merchandise for everyday use, in addition to seasonal products. Additionally, all of its stores are corporate-owned providing a consistent shopping experience. The company was founded by Lawrence Rossy in 1992 and is headquartered in Montreal, Canada.

The company’s shares closed on Thursday at C$157.61, close to its 52-week high of C$166.62.