Goodfood Market (TSE:FOOD) Price Target Cut to C$12.00

Goodfood Market (TSE:FOOD) had its price target reduced by research analysts at Raymond James from C$14.00 to C$12.00 in a report issued on Thursday, BayStreet.CA reports. The firm presently has a “market perform” rating on the stock. Raymond James’ target price would suggest a potential upside of 39.21% from the company’s current price.

Other analysts have also recently issued research reports about the stock. Eight Capital dropped their target price on shares of Goodfood Market from C$17.00 to C$15.00 in a research report on Thursday. Canaccord Genuity reduced their target price on shares of Goodfood Market from C$14.00 to C$12.00 and set an “outperform” rating for the company in a research note on Thursday, April 1st. BMO Capital Markets restated a “market perform” rating and set a C$14.00 price objective on shares of Goodfood Market in a research note on Friday, February 26th. National Bankshares reduced their price objective on shares of Goodfood Market from C$13.75 to C$13.00 and set an “outperform” rating for the company in a research note on Monday. Finally, National Bank Financial raised their target price on shares of Goodfood Market from C$12.75 to C$14.25 and gave the stock an “outperform” rating in a report on Monday, January 18th. Two investment analysts have rated the stock with a hold rating and five have given a buy rating to the company. The company presently has an average rating of “Buy” and an average target price of C$12.22.

FOOD stock traded up C$0.54 during trading on Thursday, reaching C$8.62. 890,326 shares of the stock were exchanged, compared to its average volume of 705,196. The company has a current ratio of 2.19, a quick ratio of 1.98 and a debt-to-equity ratio of 94.25. The stock has a 50 day simple moving average of C$9.68 and a 200-day simple moving average of C$10.02. The company has a market capitalization of C$626.11 million and a P/E ratio of -331.54. Goodfood Market has a twelve month low of C$3.25 and a twelve month 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.

Further Reading: What is a Futures Contract?

Analyst Recommendations for Goodfood Market (TSE:FOOD)

Receive News & Ratings for Goodfood Market Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Goodfood Market and related companies with's FREE daily email newsletter.