In a latest note to investors, a research analyst has provided a rating update for the Services sector company, Dollarama (TSX: DOL). BMO Capital’s analyst Peter Sklar expressed some doubt yesterday about the stock, as it was downgraded to Hold , with a C$47 price target.
Sklar has an average return of 28.3% when recommending Dollarama.
According to TipRanks.com, Sklar is ranked #1256 out of 4872 analysts.
Currently, the analyst consensus on Dollarama is a Strong Buy with an average price target of C$55.28, a 28.2% upside from current levels. In a report issued on September 12, Barclays also maintained a Hold rating on the stock with a C$53 price target.
Dollarama’s market cap is currently C$17.06B and has a P/E ratio of 33.2. The company has a Price to Book ratio of -96.37.
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 Thursday at C$43.12, close to its 52-week low of C$41.63.