Goodfood Market (TSE:FOOD) Given New C$5.50 Price Target at National Bankshares

Goodfood Market (TSE:FOOD) had its price objective decreased by research analysts at National Bankshares from C$7.00 to C$5.50 in a report released on Friday, BayStreet.CA reports. The firm currently has an “outperform” rating on the stock. National Bankshares’ price target suggests a potential upside of 59.88% from the stock’s previous close.

A number of other research firms have also weighed in on FOOD. Royal Bank of Canada reduced their price objective on shares of Goodfood Market from C$6.00 to C$4.50 and set a “sector perform” rating on the stock in a research report on Friday. Eight Capital reduced their price objective on shares of Goodfood Market from C$12.00 to C$6.25 and set an “outperform” rating on the stock in a research report on Thursday, November 18th. Acumen Capital lowered shares of Goodfood Market from a “buy” rating to a “hold” rating and reduced their price objective for the stock from C$11.50 to C$6.50 in a research report on Friday, November 19th. reduced their price objective on shares of Goodfood Market from C$12.00 to C$11.50 in a research report on Monday, November 15th. Finally, Scotiabank reduced their price objective on shares of Goodfood Market from C$6.50 to C$4.00 in a research report on Thursday. Five equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus price target of C$6.83.

Shares of TSE FOOD traded down C$0.09 during mid-day trading on Friday, hitting C$3.44. 220,686 shares of the company’s stock traded hands, compared to its average volume of 340,984. The company’s 50-day moving average is C$4.59 and its two-hundred day moving average is C$7.56. The company has a debt-to-equity ratio of 102.26, a current ratio of 2.31 and a quick ratio of 2.08. The company has a market capitalization of C$256.79 million and a P/E ratio of -7.66. Goodfood Market has a 1 year low of C$3.37 and a 1 year high of C$14.72.

Goodfood Market Company Profile

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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