The Services sector company, Dollarama (DOL), has received a rating update from a Wall Street analyst today. Analyst Kenric Tyghe from Raymond James reiterated a Buy rating, with a C$48 price target.
According to TipRanks.com, Tyghe is a 4-star analyst with an average return of 5.4% and a 53.0% success rate. Tyghe covers the Services sector, focusing on stocks such as Loblaw Companies Limited, Dollarama Inc, and Cineplex.
Read also: Reebonz (RBZ) Stock Can Reach C$11, Says Analyst
Dollarama has an analyst consensus of Moderate Buy, with a price target consensus of C$45.88, representing a -1.8% downside. In a report issued on June 7, RBC Capital also maintained a Buy rating on the stock with a C$51 price target.
.
The company has a one-year high of C$54 and a one-year low of C$30.70. Currently, Dollarama has an average volume of 910.9K.
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$46.73.
