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.

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Analyst Recommendations for Goodfood Market (TSE:FOOD)

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