Dollarama (DOL) Downgraded by Desjardins

Dollarama (TSE:DOL) was downgraded by stock analysts at Desjardins from a “buy” rating to a “hold” rating in a report released on Thursday. They presently have a C$165.00 price target on the stock. Desjardins’ price target indicates a potential upside of 6.90% from the company’s previous close.

Other equities research analysts have also issued reports about the stock. Royal Bank of Canada boosted their price objective on shares of Dollarama from C$143.00 to C$161.00 in a research report on Friday, November 24th. Raymond James Financial boosted their price objective on shares of Dollarama from C$143.00 to C$165.00 and gave the stock an “outperform” rating in a research report on Tuesday, December 5th. Eight Capital boosted their price objective on shares of Dollarama from C$150.00 to C$185.00 in a research report on Tuesday, November 28th. CIBC boosted their price objective on shares of Dollarama from C$157.00 to C$168.00 and gave the stock an “outperform” rating in a research report on Thursday, December 7th. Finally, Scotiabank boosted their price objective on shares of Dollarama from C$162.00 to C$165.00 and gave the stock an “outperform” rating in a research report on Thursday, December 7th. Five analysts have rated the stock with a hold rating and seven have given a buy rating to the stock. The company currently has an average rating of “Buy” and an average target price of C$161.42.

Dollarama (DOL) traded down C$6.84 during trading hours on Thursday, hitting C$154.35. 548,529 shares of the stock were exchanged, compared to its average volume of 358,894. Dollarama has a fifty-two week low of C$97.00 and a fifty-two week high of C$170.00. The firm has a market cap of $17,320.00, a PE ratio of 35.98 and a beta of 0.42.

Dollarama (TSE:DOL) last posted its quarterly earnings results on Wednesday, December 6th. The company reported C$1.15 earnings per share for the quarter, topping the Zacks’ consensus estimate of C$1.12 by C$0.03. The company had revenue of C$810.58 million for the quarter.

In related news, Director John Huw Thomas sold 2,000 shares of the stock in a transaction that occurred on Thursday, January 25th. The shares were sold at an average price of C$164.46, for a total transaction of C$328,920.00. Also, Director John Assaly sold 509 shares of the stock in a transaction that occurred on Wednesday, December 13th. The stock was sold at an average price of C$159.27, for a total transaction of C$81,068.43. Over the last quarter, insiders have sold 29,509 shares of company stock worth $4,749,838.

TRADEMARK VIOLATION WARNING: This piece of content was first reported by American Banking News and is the property of of American Banking News. If you are accessing this piece of content on another publication, it was illegally copied and republished in violation of United States and international copyright legislation. The legal version of this piece of content can be read at https://www.americanbankingnews.com/2018/02/08/dollarama-dol-downgraded-by-desjardins.html.

Dollarama Company Profile

Dollarama Inc is a Canada-based holding company. The Company operates dollar stores. It has approximately 1,030 stores in operation in Canada. Its stores have an average area of approximately 9,942 square feet, and offer a range of consumer products, general merchandise and seasonal items, including private label and nationally branded products.

Analyst Recommendations for Dollarama (TSE:DOL)

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.

Leave a Reply