Colabor Group (TSE:GCL) Price Target Raised to C$2.00

Colabor Group (TSE:GCL) had its price objective raised by research analysts at Desjardins from C$1.85 to C$2.00 in a report released on Thursday,BayStreet.CA reports. The firm currently has a “buy” rating on the stock. Desjardins’ target price suggests a potential upside of 115.05% from the stock’s previous close.

Colabor Group Stock Performance

GCL remained flat at C$0.93 during trading on Thursday. 59,933 shares of the company were exchanged, compared to its average volume of 109,002. Colabor Group has a fifty-two week low of C$0.79 and a fifty-two week high of C$1.52. The company has a market cap of C$91.52 million, a PE ratio of 102.24, a P/E/G ratio of 0.61 and a beta of 0.83. The business’s fifty day moving average price is C$0.89 and its 200 day moving average price is C$1.08. The company has a debt-to-equity ratio of 153.61, a quick ratio of 0.76 and a current ratio of 1.62.

Colabor Group Company Profile

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.