Dollarama (DOL) Downgraded to Hold at TD Securities
Dollarama (TSE:DOL) was downgraded by stock analysts at TD Securities from a “buy” rating to a “hold” rating in a research note issued on Friday. They currently have a C$49.00 target price on the stock, down from their previous target price of C$59.00. TD Securities’ price objective suggests a potential upside of 19.08% from the company’s previous close.
Several other research firms have also recently weighed in on DOL. BMO Capital Markets upgraded shares of Dollarama from a “market perform” rating to an “outperform” rating and lifted their price objective for the stock from C$152.00 to C$170.00 in a research report on Friday, June 8th. Industrial Alliance Securities upgraded shares of Dollarama from a “hold” rating to a “buy” rating and set a C$54.50 price objective on the stock in a research report on Thursday, September 6th. Macquarie lowered their price objective on shares of Dollarama from C$56.33 to C$49.00 in a research report on Friday. Barclays lowered their price objective on shares of Dollarama from C$157.00 to C$52.00 in a research report on Thursday, June 21st. Finally, National Bank Financial cut shares of Dollarama from an “outperform” rating to a “sector perform” rating and lowered their price objective for the stock from C$56.00 to C$48.00 in a research report on Friday. Four equities research analysts have rated the stock with a hold rating and six have given a buy rating to the company. The stock presently has an average rating of “Buy” and a consensus price target of C$84.18.
TSE DOL traded down C$1.97 on Friday, hitting C$41.15. 2,605,854 shares of the stock were exchanged, compared to its average volume of 997,665. Dollarama has a 52-week low of C$40.31 and a 52-week high of C$56.67.
Dollarama Company Profile
Dollarama Inc operates a chain of dollar stores in Canada. The company's stores offer consumer products, general merchandise, and seasonal items, including private label and branded products. As of June 7, 2018, it operated 1,170 stores. The company was formerly known as Dollarama Capital Corporation and changed its name to Dollarama Inc in September 2009.
Further Reading: Asset Allocation and Your Retirement
Receive News & Ratings for Dollarama Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Dollarama and related companies with MarketBeat.com's FREE daily email newsletter.