Goodfood Market (OTCMKTS:GDDFF) Price Target Cut to $15.00


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Goodfood Market (OTCMKTS:GDDFF) had its price objective decreased by stock analysts at Stifel Nicolaus from $18.00 to $15.00 in a research note issued on Thursday, The Fly reports. The firm currently has a “buy” rating on the stock. Stifel Nicolaus’ price objective would suggest a potential upside of 135.11% from the stock’s current price.

A number of other brokerages have also recently commented on GDDFF. Raymond James cut shares of Goodfood Market from an “outperform” rating to a “market perform” rating in a report on Thursday, January 7th. National Bank Financial reissued an “outperform” rating on shares of Goodfood Market in a research note on Monday. Scotiabank reduced their price objective on shares of Goodfood Market from $13.00 to $11.50 and set an “outperform” rating for the company in a research note on Thursday. Canaccord Genuity reduced their price objective on shares of Goodfood Market from $14.00 to $12.00 and set a “buy” rating for the company in a research note on Thursday, April 1st. Finally, Desjardins reduced their price objective on shares of Goodfood Market from $15.00 to $14.00 and set a “buy” rating for the company in a research note on Friday, February 26th. One research analyst has rated the stock with a hold rating and five have assigned a buy rating to the company. The company has a consensus rating of “Buy” and an average price target of $13.00.

GDDFF stock traded down $0.45 during midday trading on Thursday, reaching $6.38. 1,037 shares of the company’s stock traded hands, compared to its average volume of 2,456. Goodfood Market has a 52-week low of $2.45 and a 52-week high of $11.50. The stock’s 50-day moving average is $7.77 and its 200 day moving average is $7.78.

Goodfood Market Company Profile

Goodfood Market Corp., an online grocery company, delivers fresh meals and grocery products in Canada. The company offers ready-to-eat and breakfast meals, which include ready-to-blend smoothies and other breakfast items, prepared meals, cooked meats and sides, and salads and soups; and private-label grocery items in various categories, such as bakery, dessert, meat and seafood, drinks, pantry, produce, snacks, dairy, and kitchen essentials, as well as olive oil, juice, and chocolate cookies.

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Analyst Recommendations for Goodfood Market (OTCMKTS:GDDFF)

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