Goodfood Market (TSE:FOOD) PT Lowered to C$15.00

Goodfood Market (TSE:FOOD) had its target price decreased by equities researchers at Eight Capital from C$17.00 to C$15.00 in a research note issued to investors on Thursday, BayStreet.CA reports. Eight Capital’s price target would suggest a potential upside of 74.01% from the company’s previous close.

A number of other equities research analysts also recently weighed in on the company. National Bankshares decreased their price objective on Goodfood Market from C$13.75 to C$13.00 and set an “outperform” rating on the stock in a report on Monday. Raymond James set a C$14.00 price objective on Goodfood Market and gave the company a “market perform” rating in a report on Thursday, February 25th. Canaccord Genuity decreased their price objective on Goodfood Market from C$14.00 to C$12.00 and set an “outperform” rating on the stock in a report on Thursday, April 1st. Scotiabank decreased their price objective on Goodfood Market from C$14.00 to C$13.00 in a report on Thursday, February 25th. Finally, BMO Capital Markets reaffirmed a “market perform” rating and set a C$14.00 price objective on shares of Goodfood Market in a report on Friday, February 26th. Two research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. The stock currently has an average rating of “Buy” and an average target price of C$12.22.

TSE FOOD traded up C$0.54 during trading on Thursday, reaching C$8.62. 890,326 shares of the company traded hands, compared to its average volume of 705,196. The company has a debt-to-equity ratio of 94.25, a quick ratio of 1.98 and a current ratio of 2.19. The stock’s 50 day moving average price is C$9.68 and its two-hundred day moving average price is C$10.02. The company has a market cap of C$626.11 million and a price-to-earnings ratio of -332.31. Goodfood Market has a 1-year low of C$3.25 and a 1-year high of C$14.72.

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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Analyst Recommendations for Goodfood Market (TSE:FOOD)

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