Goodfood Market (TSE:FOOD) Given New C$0.60 Price Target at Desjardins

Goodfood Market (TSE:FOOD) had its price target reduced by equities researchers at Desjardins from C$0.65 to C$0.60 in a report issued on Thursday,BayStreet.CA reports. The brokerage presently has a “hold” rating on the stock. Desjardins’ price objective points to a potential upside of 25.00% from the company’s previous close.

Goodfood Market Stock Up 2.1 %

Shares of FOOD traded up C$0.01 during midday trading on Thursday, hitting C$0.48. The company had a trading volume of 11,084 shares, compared to its average volume of 137,382. The stock has a market cap of C$37.07 million, a price-to-earnings ratio of -9.60 and a beta of -0.34. The company’s 50 day moving average price is C$0.44 and its 200 day moving average price is C$0.35. The company has a quick ratio of 0.77, a current ratio of 1.34 and a debt-to-equity ratio of 346.01. Goodfood Market has a 52 week low of C$0.20 and a 52 week high of C$0.54.

About Goodfood Market

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.