Goodfood Market (TSE:FOOD) Price Target Lowered to C$0.15 at Desjardins

Goodfood Market (TSE:FOOD) had its target price lowered by analysts at Desjardins from C$0.25 to C$0.15 in a research note issued to investors on Thursday,BayStreet.CA reports. The firm currently has a “hold” rating on the stock. Desjardins’ target price would indicate a potential downside of 25.00% from the company’s current price.

Goodfood Market Trading Up 2.6%

FOOD traded up C$0.01 during midday trading on Thursday, hitting C$0.20. 339,774 shares of the company were exchanged, compared to its average volume of 127,879. The firm has a market capitalization of C$19.77 million, a P/E ratio of -2.00 and a beta of 1.89. Goodfood Market has a 1-year low of C$0.13 and a 1-year high of C$0.38. The firm’s 50 day moving average price is C$0.23 and its 200-day moving average price is C$0.26. The company has a quick ratio of 0.77, a current ratio of 1.12 and a debt-to-equity ratio of -197.23.

Goodfood Market (TSE:FOOD) last announced its earnings results on Tuesday, April 21st. The company reported C($0.07) EPS for the quarter. The company had revenue of C$22.51 million for the quarter. Goodfood Market had a positive return on equity of 32.72% and a negative net margin of 7.90%. As a group, equities analysts forecast that Goodfood Market will post -0.24 EPS for the current fiscal year.

Goodfood Market Company Profile

Goodfood (TSX: FOOD) is a leading meal solutions brand in Canada, delivering fresh meals and add-ons that make it easy for customers from across Canada to enjoy delicious meals at home every day. The Goodfood mission is to create experiences that spark joy and help our community live longer on a healthier planet. Goodfood customers have access to uniquely fresh and delicious products, as well as exclusive pricing, made possible by its exceptional culinary team and direct-to-consumer infrastructures and technology.