The Services sector company, Dollarama (DOL), has received a rating update from a Wall Street analyst on December 6. CIBC’s analyst Mark Petrie reiterates their Hold rating on the shares, with a C$37 price target.
According to TipRanks.com, Petrie is a 5-star analyst with an average return of 13.0% and a 58.2% success rate. Petrie covers the Services sector, focusing on stocks such as Restaurant Brands International, Loblaw Companies Limited, and Dollarama Inc.
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The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Dollarama with a C$43.64 average price target, representing a 33.0% upside. In a report issued on November 26, TD Securities also maintained a Hold rating on the stock with a C$44 price target.
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The company has a one-year high of C$56.67 and a one-year low of C$31.35. Currently, Dollarama has an average volume of 1.47M.
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$32.80, close to its 52-week low of C$31.35.
