Goodfood Market (OTCMKTS:GDDFF) Stock Price Down 10%

Goodfood Market Corp. (OTCMKTS:GDDFFGet Rating)’s stock price traded down 10% on Monday . The company traded as low as $1.18 and last traded at $1.18. 400 shares changed hands during trading, a decline of 82% from the average session volume of 2,259 shares. The stock had previously closed at $1.31.

A number of equities analysts have weighed in on the company. National Bank Financial reduced their price target on Goodfood Market from C$4.25 to C$3.75 in a research report on Monday, April 18th. Stifel Nicolaus downgraded Goodfood Market from a “buy” rating to a “hold” rating in a research report on Monday, April 18th. Canaccord Genuity Group upped their price target on Goodfood Market from C$2.25 to C$2.50 and gave the stock a “hold” rating in a research report on Tuesday, April 19th. Raymond James reduced their price target on Goodfood Market from C$4.00 to C$3.00 in a research report on Monday, April 18th. Finally, Scotiabank reduced their price target on Goodfood Market from C$3.00 to C$2.75 in a research report on Monday, April 18th. Five research analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. According to MarketBeat, Goodfood Market has a consensus rating of “Hold” and a consensus target price of $5.19.

The firm has a fifty day simple moving average of $1.57 and a 200-day simple moving average of $2.19.

About Goodfood Market (OTCMKTS:GDDFF)

Goodfood Market Corp., an online grocery company, delivers fresh meals and grocery products in Canada. The company offers ready-to-eat products, which include bakery, dessert, meat and seafood, drinks, pantry, produce, snacks, dairy, frozen and kitchen essentials. It also offers Yumm, a value meal kit for cost-focused customers.

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