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Dollarama (DOL) was Downgraded to a Hold Rating at National Bank


Today, an analyst has provided a rating update for the Services sector company, Dollarama (TSX: DOL). Analyst Vishal Shreedhar from National Bank rated Dollarama (TSX: DOL) a Hold, setting a C$48 price target.

According to TipRanks.com, Shreedhar is ranked #3584 out of 4875 analysts.

The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Dollarama with a C$50.95 average price target, a 22.3% upside from current levels. In a report released yesterday, BMO Capital also downgraded the stock to Hold with a C$47 price target.

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Dollarama’s market cap is currently C$14.13B and has a P/E ratio of 27.5. 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 Friday at C$41.65, close to its 52-week low of C$41.63.