Barclays Sticks to Its Hold Rating for Dollarama (DOL)

By Carrie Williams

Shares of Dollarama (DOLResearch Report) were revisited by a Wall Street analyst on June 14. Barclays’ analyst Jim Durran reiterates their Hold rating on the shares, with a C$48 price target.

According to TipRanks.com, Durran is ranked #479 out of 5202 analysts.

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Currently, the analyst consensus on Dollarama is a Moderate Buy with an average price target of C$46.38, representing a -0.9% downside. In a report issued on June 14, 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$46.78.