Scotiabank Cuts Goodfood Market (OTCMKTS:GDDFF) Price Target to C$2.75

Goodfood Market (OTCMKTS:GDDFFGet Rating) had its price target decreased by analysts at Scotiabank from C$3.00 to C$2.75 in a research report issued on Monday, The Fly reports.

Several other brokerages have also recently commented on GDDFF. Stifel Nicolaus cut shares of Goodfood Market from a “buy” rating to a “hold” rating in a research report on Monday. Desjardins lowered their price target on shares of Goodfood Market from C$8.00 to C$7.00 in a research report on Thursday, January 20th. Royal Bank of Canada lowered their target price on shares of Goodfood Market from C$3.75 to C$3.00 in a research note on Monday, April 11th. Canaccord Genuity Group reduced their price target on shares of Goodfood Market from C$3.75 to C$2.25 and set a “hold” rating on the stock in a research report on Wednesday, March 16th. Finally, Raymond James decreased their price target on shares of Goodfood Market from C$6.50 to C$4.00 in a report on Wednesday, January 19th. Five investment analysts have rated the stock with a hold rating and three have issued a buy rating to the company. According to data from MarketBeat, the stock has an average rating of “Hold” and a consensus target price of $5.16.

Shares of OTCMKTS:GDDFF traded down $0.46 during trading on Monday, hitting $2.15. 2,700 shares of the company’s stock were exchanged, compared to its average volume of 1,811. Goodfood Market has a 1-year low of $1.60 and a 1-year high of $8.44. The firm has a 50-day moving average price of $2.17 and a two-hundred day moving average price of $3.54.

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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