Today, an analyst has provided a rating update for the Services sector company, Dollarama (TSX: DOL). Brian Morrison, an analyst with TD Securities, has downgraded their rating on DOL to Hold , with a C$49 price target.
Morrison has an average return of 7.7% when recommending Dollarama.
According to TipRanks.com, Morrison is ranked #1088 out of 4875 analysts.
Currently, the analyst consensus on Dollarama is a Moderate Buy with an average price target of C$50.95, a 22.2% upside from current levels. In a report released yesterday, BMO Capital also downgraded the stock to Hold with a C$47 price target.
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$41.64, close to its 52-week low of C$41.63.