Raymond James Keeps Their Buy Rating on Dollarama (DOL)


A Wall Street analyst has provided a review for the Services company today, but retained the same rating on the stock. Dollarama (DOL) received a Buy rating from Raymond James’ analyst Kenric Tyghe, with a C$40 price target.

According to TipRanks.com, Tyghe is a 2-star analyst with an average return of 1.0% and a 44.3% success rate. Tyghe covers the Services sector, focusing on stocks such as Loblaw Companies Limited, Dollarama Inc, and Cineplex.

Currently, the analyst consensus on Dollarama is a Moderate Buy with an average price target of C$39.43, an 11.1% upside from current levels. In a report issued on March 18, Scotiabank also reiterated a Buy rating on the stock with a C$40 price target.

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Dollarama’s market cap is currently C$11.26B and has a P/E ratio of 21.5. The company has a Price to Book ratio of -52.03.

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$35.49.

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