Analysts Set Goodfood Market Corp. (TSE:FOOD) Price Target at C$12.59

Shares of Goodfood Market Corp. (TSE:FOOD) have been assigned a consensus rating of “Buy” from the eight analysts that are presently covering the company, MarketBeat Ratings reports. Three analysts have rated the stock with a hold rating and three have issued a buy rating on the company. The average 12 month target price among analysts that have issued ratings on the stock in the last year is C$12.59.

A number of analysts recently issued reports on FOOD shares. National Bankshares dropped 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, April 5th. Eight Capital dropped their price objective on Goodfood Market from C$17.00 to C$15.00 in a report on Thursday, April 8th. Canaccord Genuity dropped 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. Raymond James lowered their price target on Goodfood Market from C$14.00 to C$12.00 and set a “market perform” rating on the stock in a report on Thursday, April 8th. Finally, Royal Bank of Canada reaffirmed a “sector perform” rating and issued a C$9.00 price target on shares of Goodfood Market in a report on Monday, April 12th.

FOOD traded down C$0.02 during trading on Wednesday, reaching C$7.16. 102,215 shares of the company were exchanged, compared to its average volume of 603,697. The company’s 50-day moving average is C$8.19 and its two-hundred day moving average is C$9.89. The company has a market cap of C$524.67 million and a price-to-earnings ratio of -199.44. The company has a quick ratio of 2.61, a current ratio of 2.86 and a debt-to-equity ratio of 45.69. Goodfood Market has a 12-month low of C$4.10 and a 12-month 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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