Goodfood Market (TSE:FOOD)‘s stock had its “sector perform” rating reiterated by research analysts at Royal Bank of Canada in a research note issued on Monday, Price Targets.com reports. They presently have a C$9.00 target price on the stock. Royal Bank of Canada’s target price would suggest a potential upside of 6.89% from the stock’s previous close.
Other analysts have also recently issued reports about the company. National Bankshares cut their price objective on Goodfood Market from C$13.75 to C$13.00 and set an “outperform” rating for the company in a research report on Monday, April 5th. National Bank Financial lifted their price target on Goodfood Market from C$12.75 to C$14.25 and gave the stock an “outperform” rating in a research note on Monday, January 18th. Raymond James lowered their price target on Goodfood Market from C$14.00 to C$12.00 and set a “market perform” rating on the stock in a research note on Thursday. Eight Capital lowered their price target on Goodfood Market from C$17.00 to C$15.00 in a research note on Thursday. Finally, Canaccord Genuity lowered their price target on Goodfood Market from C$14.00 to C$12.00 and set an “outperform” rating on the stock in a research note on Thursday, April 1st. Three research analysts have rated the stock with a hold rating and five have given a buy rating to the company. Goodfood Market has a consensus rating of “Buy” and a consensus target price of C$11.86.
Shares of Goodfood Market stock traded down C$0.09 on Monday, reaching C$8.42. The company’s stock had a trading volume of 418,534 shares, compared to its average volume of 701,329. The company has a market capitalization of C$611.59 million and a P/E ratio of -233.89. Goodfood Market has a 52-week low of C$3.25 and a 52-week high of C$14.72. The stock has a 50-day moving average price of C$9.54 and a 200-day moving average price of C$10.03. The company has a quick ratio of 2.61, a current ratio of 2.86 and a debt-to-equity ratio of 45.69.
About Goodfood Market
Goodfood Market Corp., an online grocery company, delivers fresh meals and grocery products in Canada. The company offers ready-to-eat and breakfast meals, which include ready-to-blend smoothies and other breakfast items, prepared meals, cooked meats and sides, and salads and soups; and private-label grocery items in various categories, such as bakery, dessert, meat and seafood, drinks, pantry, produce, snacks, dairy, and kitchen essentials, as well as olive oil, juice, and chocolate cookies.
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