In a new note to investors today, an analyst has provided a rating update for the Services sector company, Dollarama (DOL). The company received a Buy rating from RBC Capital’s analyst Irene Nattel, with a C$53 price target.
According to TipRanks.com, Nattel is a 4-star analyst with an average return of 4.0% and a 56.1% success rate. Nattel covers the Services sector, focusing on stocks such as Loblaw Companies Limited, Canadian Tire Corp Ltd, and Casey’s General.
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Currently, the analyst consensus on Dollarama is a Moderate Buy with an average price target of C$49.57.
Dollarama’s market cap is currently C$15.03B and has a P/E ratio of 26.9. The company has a Price to Book ratio of -68.64.
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 Wednesday at C$48.93, close to its 52-week high of C$52.49.
