Desjardins Increases Goodfood Market (TSE:FOOD) Price Target to C$0.75

Goodfood Market (TSE:FOOD) had its price target hoisted by investment analysts at Desjardins from C$0.65 to C$0.75 in a report released on Thursday, BayStreet.CA reports. The brokerage currently has a “hold” rating on the stock. Desjardins’ price target indicates a potential upside of 141.94% from the company’s current price.

Goodfood Market Stock Down 3.1 %

Shares of TSE:FOOD opened at C$0.31 on Thursday. Goodfood Market has a 52 week low of C$0.21 and a 52 week high of C$0.57. The company has a debt-to-equity ratio of 346.01, a quick ratio of 0.77 and a current ratio of 1.12. The company has a market capitalization of C$23.86 million, a PE ratio of -3.44 and a beta of -0.35. The company has a 50 day moving average price of C$0.27 and a two-hundred day moving average price of C$0.30.

Goodfood Market Company Profile

Goodfood Market Corp., an online grocery company, delivers fresh meals and add-ons in Canada. It offers ready-to-eat and ready-to-cook products, which include meal solutions, bakery, dessert, meat and seafood, drinks, pantry, produce, snacks, dairy, frozen, and kitchen essentials. Goodfood Market Corp.