Goodfood Market (OTCMKTS:GDDFF) Stock Price Down 3%

Goodfood Market Corp. (OTCMKTS:GDDFF – Get Rating)’s stock price traded down 3% during trading on Monday . The stock traded as low as $0.41 and last traded at $0.41. 9,000 shares changed hands during mid-day trading, an increase of 118% from the average session volume of 4,123 shares. The stock had previously closed at $0.42.

Analysts Set New Price Targets

A number of brokerages recently commented on GDDFF. Canaccord Genuity Group lowered their target price on shares of Goodfood Market from C$0.60 to C$0.50 and set a “hold” rating for the company in a research note on Tuesday, December 6th. Stifel Nicolaus upped their target price on shares of Goodfood Market from C$0.52 to C$0.60 in a research report on Wednesday, January 18th. Royal Bank of Canada lowered shares of Goodfood Market from a “sector perform” rating to an “underperform” rating in a research report on Monday, December 5th. Finally, National Bank Financial lowered their price target on shares of Goodfood Market from C$0.75 to C$0.50 in a research report on Monday, December 5th. Two analysts have rated the stock with a sell rating and three have given a hold rating to the company’s stock. According to MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus price target of $1.31.

Goodfood Market Stock Performance

The business’s 50-day simple moving average is $0.42 and its 200 day simple moving average is $0.46.

Goodfood Market Company Profile

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Goodfood Market Corp. is an online grocery company, which engages in delivering fresh meal solutions and grocery items for members from across Canada. Its grocery delivery service, Goodfood WOW, offers flexible and convenient online grocery experience, allowing members to order any combination of meal kits, groceries, prepared meals and other products.