Desjardins Cuts Goodfood Market (TSE:FOOD) Price Target to C$0.05

Goodfood Market (TSE:FOOD) had its target price cut by stock analysts at Desjardins from C$0.15 to C$0.05 in a note issued to investors on Thursday,BayStreet.CA reports. Desjardins’ price objective points to a potential upside of 25.00% from the company’s previous close.

Goodfood Market Price Performance

FOOD stock traded down C$0.01 on Thursday, reaching C$0.04. 2,979,045 shares of the company’s stock were exchanged, compared to its average volume of 187,495. The stock has a fifty day moving average of C$0.19 and a 200-day moving average of C$0.23. The firm has a market cap of C$3.98 million, a PE ratio of -0.31 and a beta of 2.04. The company has a quick ratio of 0.77, a current ratio of 0.82 and a debt-to-equity ratio of -140.43. Goodfood Market has a twelve month low of C$0.04 and a twelve month high of C$0.38.

Goodfood Market (TSE:FOOD) last released its quarterly earnings results on Tuesday, April 21st. The company reported C($0.07) earnings per share for the quarter. The firm had revenue of C$22.51 million during the quarter. Goodfood Market had a positive return on equity of 45.86% and a negative net margin of 12.64%. As a group, equities analysts predict 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.