Desjardins Cuts Goodfood Market (TSE:FOOD) Price Target to C$0.60

Goodfood Market (TSE:FOOD) had its target price dropped by stock analysts at Desjardins from C$0.65 to C$0.60 in a research report issued on Thursday,BayStreet.CA reports. The firm presently has a “hold” rating on the stock. Desjardins’ price objective suggests a potential upside of 36.36% from the company’s current price.

Goodfood Market Stock Down 5.4 %

Goodfood Market stock opened at C$0.44 on Thursday. Goodfood Market has a 12 month low of C$0.20 and a 12 month high of C$0.54. The stock has a market capitalization of C$33.98 million, a PE ratio of -8.80 and a beta of -0.34. The company has a debt-to-equity ratio of 346.01, a current ratio of 1.34 and a quick ratio of 0.77. The business has a 50 day simple moving average of C$0.44 and a 200-day simple moving average of C$0.35.

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.