Colabor Group (TSE:GCL) Given New C$1.50 Price Target at Desjardins

Colabor Group (TSE:GCL) had its price objective cut by Desjardins from C$1.75 to C$1.50 in a research report report published on Monday morning,BayStreet.CA reports. They currently have a buy rating on the stock.

Separately, Raymond James Financial dropped their target price on Colabor Group from C$1.80 to C$1.50 and set an “outperform” rating on the stock in a report on Monday.

Colabor Group Trading Up 2.4%

Colabor Group stock opened at C$0.84 on Monday. The company has a current ratio of 1.62, a quick ratio of 0.76 and a debt-to-equity ratio of 153.61. The business’s fifty day simple moving average is C$0.87 and its two-hundred day simple moving average is C$0.89. Colabor Group has a 12 month low of C$0.70 and a 12 month high of C$1.52. The company has a market capitalization of C$82.67 million, a price-to-earnings ratio of 92.35, a price-to-earnings-growth ratio of 0.61 and a beta of 0.83.

Insider Buying and Selling

In other news, insider Robert John Briscoe sold 100,000 shares of the business’s stock in a transaction on Friday, July 25th. The stock was sold at an average price of C$0.80, for a total value of C$80,000.00. Company insiders own 25.04% of the company’s stock.

About Colabor Group

Colabor Group Inc, together with its subsidiaries, markets and distributes food and food-related products in Canada. It operates in two segments, Distribution and Wholesale. The Distribution segment offers frozen products, dry staples, dairy products, meat, seafood, fruits and vegetables, disposables, and sanitation products, as well as fish products.