Goodfood Market (OTCMKTS:GDDFF) Price Target Cut to C$3.00 by Analysts at Royal Bank of Canada

Goodfood Market (OTCMKTS:GDDFF – Get Rating) had its price objective trimmed by Royal Bank of Canada from C$3.75 to C$3.00 in a report issued on Monday, The Fly reports.

Other analysts also recently issued research reports about the company. Raymond James dropped their price target on Goodfood Market from C$6.50 to C$4.00 in a research note on Wednesday, January 19th. Scotiabank reduced their price target on shares of Goodfood Market from C$4.00 to C$3.50 in a research report on Wednesday, January 19th. Canaccord Genuity Group dropped their price objective on shares of Goodfood Market from C$3.75 to C$2.25 and set a hold rating on the stock in a report on Wednesday, March 16th. Finally, Desjardins reduced their target price on shares of Goodfood Market from C$8.00 to C$7.00 in a report on Thursday, January 20th. Four research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. According to MarketBeat.com, the stock presently has an average rating of Buy and a consensus target price of $5.78.

OTCMKTS:GDDFF opened at $2.61 on Monday. Goodfood Market has a 12 month low of $1.60 and a 12 month high of $8.44. The firm has a fifty day simple moving average of $2.18 and a 200-day simple moving average of $3.68.

About Goodfood Market (Get Rating)

Goodfood Market Corp., an online grocery company, delivers fresh meals and grocery products in Canada. The company offers ready-to-eat products, which include bakery, dessert, meat and seafood, drinks, pantry, produce, snacks, dairy, frozen and kitchen essentials. It also offers Yumm, a value meal kit for cost-focused customers.

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