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Dollarama Receives a Buy from Canaccord Genuity


Dollarama (TSX: DOL), the Services sector company, has received a rating update from a Wall Street analyst today. Analyst Derek Dley from Canaccord Genuity rated Dollarama (TSX: DOL) a Buy, setting a C$59 price target.

Dley has an average return of 23.2% when recommending Dollarama.

According to TipRanks.com, Dley is ranked #266 out of 4829 analysts.

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Currently, the analyst consensus on Dollarama is Strong Buy and the average price target is C$155, representing a 203.0% upside.

In a report issued on June 7, CIBC also reiterated a Buy rating on the stock with a C$177 price target.

The company has a one-year high of C$170 and a one-year low of C$118.58. Currently, Dollarama has an average volume of 321.3K.

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 Tuesday at C$51.16.