Freshii (FRII) Given New C$2.00 Price Target at Cowen

Freshii (TSE:FRII) had its price objective lowered by investment analysts at Cowen from C$3.00 to C$2.00 in a report released on Monday, BayStreet.CA reports. Cowen’s price objective suggests a potential downside of 6.98% from the stock’s previous close.

Several other brokerages have also issued reports on FRII. Canaccord Genuity reaffirmed a “neutral” rating and set a C$3.00 price objective (down previously from C$4.00) on shares of Freshii in a report on Sunday, February 24th. CIBC dropped their price objective on Freshii from C$2.75 to C$2.00 in a report on Thursday, March 7th.

TSE:FRII opened at C$2.15 on Monday. The firm has a market capitalization of $67.27 million and a P/E ratio of -215.00. Freshii has a 12 month low of C$1.94 and a 12 month high of C$7.00.

About Freshii

Freshii Inc develops, franchises, and operates quick-serve restaurants in Canada, the United States, and internationally. Its restaurants offer salads, bowls, burritos, wraps, soups, juices, smoothies, and frozen yogurt. As of December 31, 2017, the company operated 367 stores operated by franchise partners in 16 countries, as well as 3 company-owned stores located in Canada.

Further Reading: Outstanding Shares and The Effect on Share Price

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