In a latest note to investors, a research analyst has provided a rating update for the Services sector company, Dollarama (TSX: DOL). Analyst Kenric Tyghe from Raymond James rated Dollarama (TSX: DOL) a Buy yesterday, setting a C$56 price target.
According to TipRanks.com, Tyghe is ranked #891 out of 4875 analysts.
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Dollarama has an analyst consensus of Strong Buy, with a price target consensus of C$56.72, implying a 13.4% upside from current levels. In a report released yesterday, Industrial Alliance Securities also upgraded the stock to Buy with a C$54.50 price target.
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The company has a one-year high of C$56.67 and a one-year low of C$42.24. Currently, Dollarama has an average volume of 763.9K.
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$50.01.
