Colabor Group Inc (TSE:GCL) Price Target Cut to C$1.20
Colabor Group Inc (TSE:GCL) had its price objective decreased by investment analysts at TD Securities from C$1.25 to C$1.20 in a research report issued to clients and investors on Monday, July 24th. The firm currently has a “hold” rating on the stock. TD Securities’ price objective would suggest a potential upside of 33.33% from the stock’s previous close.
Shares of Colabor Group (GCL) traded up 5.88% on Monday, hitting $0.90. 148,100 shares of the company traded hands. The firm has a market capitalization of $91.90 million and a P/E ratio of 33.33. Colabor Group has a 1-year low of $0.67 and a 1-year high of $1.53. The firm’s 50-day moving average is $0.86 and its 200 day moving average is $1.03.
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In other news, Director Robert John Briscoe bought 35,000 shares of Colabor Group stock in a transaction on Tuesday, July 25th. The stock was acquired at an average cost of C$0.82 per share, for a total transaction of C$28,700.00. Insiders acquired 406,300 shares of company stock valued at $355,282 over the last quarter.
About Colabor Group
Colabor Group Inc, together with its subsidiaries, distributes and markets food, food-related, and non-food products in Canada. It operates through two segments, Distribution and Wholesale. The Distribution segment offers frozen products, dry staples, dairy products, meat, seafood, fruits and vegetables, and disposable and sanitation products.
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