Raymond James Thinks Dollarama’s Stock is Going to Recover
Shares of Dollarama (DOL) were revisited by a Wall Street analyst today. Analyst Kenric Tyghe from Raymond James remains bullish on the stock and has a C$42 price target.
According to TipRanks.com, Tyghe is ranked #2470 out of 5115 analysts.
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Currently, the analyst consensus on Dollarama is a Moderate Buy with an average price target of C$43.64, implying a 33.5% upside from current levels. In a report issued on November 27, RBC Capital also maintained a Buy rating on the stock with a C$49 price target.
The company has a one-year high of C$56.67 and a one-year low of C$31.35. Currently, Dollarama has an average volume of 1.47M.
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$32.69, close to its 52-week low of C$31.35.