Freshii (FRII) Downgraded by CIBC to “Underperform”

Share on StockTwits

CIBC lowered shares of Freshii (TSE:FRII) from a neutral rating to an underperform rating in a research note issued to investors on Friday morning. They currently have C$2.75 price objective on the stock, down from their previous price objective of C$5.25.

A number of other brokerages have also recently issued reports on FRII. Royal Bank of Canada decreased their target price on Freshii from C$8.00 to C$7.00 and set a sector perform rating for the company in a report on Monday, August 13th. Canaccord Genuity decreased their target price on Freshii from C$10.00 to C$9.50 in a report on Monday, August 13th.

Shares of TSE:FRII traded down C$0.07 during trading on Friday, reaching C$2.58. 454,800 shares of the stock were exchanged, compared to its average volume of 59,573. Freshii has a 12-month low of C$1.95 and a 12-month high of C$8.00.

Freshii Company Profile

Freshii Inc develops, franchises, and operates quick-serve restaurants in Canada, the United States, and internationally. Its restaurants offer salads, bowls, burritos, wraps, soups, juices, smoothies, and frozen yogurt. As of December 31, 2017, the company operated 367 stores operated by franchise partners in 16 countries, as well as 3 company-owned stores located in Canada.

Recommended Story: What is intrinsic value?

Receive News & Ratings for Freshii Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Freshii and related companies with MarketBeat.com's FREE daily email newsletter.

Latest News

Insureum Achieves Market Cap of $0.00
Insureum Achieves Market Cap of $0.00
Reviewing Geovax Labs  & Its Competitors
Reviewing Geovax Labs & Its Competitors
LPL Financial  Price Target Lowered to $66.00 at Morgan Stanley
LPL Financial Price Target Lowered to $66.00 at Morgan Stanley
Westaim  and Becton Dickinson and  Financial Contrast
Westaim and Becton Dickinson and Financial Contrast
Reviewing Heritage Global  and J2 Global
Reviewing Heritage Global and J2 Global
United Microelectronics  Stock Price Up 6.5%
United Microelectronics Stock Price Up 6.5%


Leave a Reply

© 2006-2018 Ticker Report