Goodfood Market (TSE:FOOD) Price Target Lowered to C$3.50 at Acumen Capital

Goodfood Market (TSE:FOODGet Rating) had its price target reduced by equities research analysts at Acumen Capital from C$4.25 to C$3.50 in a report issued on Monday, BayStreet.CA reports. Acumen Capital’s price objective would suggest a potential upside of 31.58% from the company’s previous close.

A number of other brokerages also recently issued reports on FOOD. Canaccord Genuity Group increased their price objective on Goodfood Market from C$2.25 to C$2.50 in a research report on Monday. National Bankshares dropped their price target on Goodfood Market from C$4.25 to C$3.75 and set an “outperform” rating for the company in a research report on Monday. Scotiabank lowered their target price on shares of Goodfood Market from C$3.00 to C$2.75 in a research note on Monday. National Bank Financial cut their price target on shares of Goodfood Market to C$5.50 and set an “outperform” rating for the company in a research note on Friday, January 14th. Finally, Eight Capital lowered their price objective on shares of Goodfood Market from C$6.25 to C$3.50 and set an “outperform” rating on the stock in a research report on Thursday, January 20th. Four equities research analysts have rated the stock with a hold rating and three have given a buy rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus price target of C$4.33.

Shares of Goodfood Market stock traded down C$0.05 on Monday, hitting C$2.66. The company had a trading volume of 108,955 shares, compared to its average volume of 285,882. The stock has a market capitalization of C$199.46 million and a price-to-earnings ratio of -3.84. The company has a debt-to-equity ratio of 163.85, a quick ratio of 1.87 and a current ratio of 2.13. The stock has a 50 day moving average of C$2.76 and a 200-day moving average of C$4.51. Goodfood Market has a 1 year low of C$2.02 and a 1 year high of C$10.89.

Goodfood Market Company Profile (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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