Goodfood Market (OTCMKTS:GDDFF) Given New C$2.50 Price Target at Canaccord Genuity Group

Goodfood Market (OTCMKTS:GDDFF – Get Rating) had its price objective raised by equities researchers at Canaccord Genuity Group from C$2.25 to C$2.50 in a research note issued to investors on Tuesday, The Fly reports. The brokerage currently has a “hold” rating on the stock.

Several other analysts also recently issued reports on GDDFF. Desjardins lowered their price target on Goodfood Market from C$8.00 to C$7.00 in a report on Thursday, January 20th. Scotiabank lowered their price target on Goodfood Market from C$3.00 to C$2.75 in a report on Monday. National Bank Financial lowered their target price on Goodfood Market from C$4.25 to C$3.75 in a research note on Monday. Stifel Nicolaus downgraded Goodfood Market from a “buy” rating to a “hold” rating in a research note on Monday. Finally, Royal Bank of Canada lowered their target price on Goodfood Market from C$3.75 to C$3.00 in a research note on Monday, April 11th. Five research analysts have rated the stock with a hold rating and three have given a buy rating to the stock. According to MarketBeat, the company currently has an average rating of “Hold” and a consensus target price of $5.19.

Shares of OTCMKTS GDDFF opened at $2.15 on Tuesday. Goodfood Market has a 12-month low of $1.60 and a 12-month high of $8.44. The stock has a fifty day moving average price of $2.17 and a 200 day moving average price of $3.51.

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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