Raymond James Analysts Give Colabor Group (TSE:GCL) a C$1.80 Price Target

Colabor Group (TSE:GCL) has been given a C$1.80 price objective by investment analysts at Raymond James in a research report issued to clients and investors on Tuesday, BayStreet.CA reports. The firm presently has an “outperform” rating on the stock. Raymond James’ price target indicates a potential upside of 41.73% from the company’s previous close.

Separately, Desjardins raised Colabor Group to a “moderate buy” rating in a research report on Thursday, July 25th.

Colabor Group Price Performance

TSE GCL remained flat at C$1.27 during trading on Tuesday. The company’s stock had a trading volume of 33,110 shares, compared to its average volume of 76,998. The company has a current ratio of 1.60, a quick ratio of 0.76 and a debt-to-equity ratio of 157.32. The business’s 50 day moving average is C$1.20 and its 200 day moving average is C$1.20. The firm has a market cap of C$129.53 million, a price-to-earnings ratio of 31.75, a P/E/G ratio of 0.61 and a beta of 0.74. Colabor Group has a 52 week low of C$0.88 and a 52 week high of C$1.33.

Colabor Group (TSE:GCL) last issued its quarterly earnings results on Wednesday, July 24th. The company reported C$0.02 EPS for the quarter. The company had revenue of C$161.28 million for the quarter, compared to the consensus estimate of C$162.20 million. Colabor Group had a return on equity of 4.23% and a net margin of 0.61%. On average, equities analysts expect that Colabor Group will post 0.1 earnings per share for the current year.

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.