Canaccord Genuity Group Trims Else Nutrition (CVE:BABY) Target Price to C$0.45

Else Nutrition (CVE:BABY) had its price target cut by Canaccord Genuity Group from C$0.55 to C$0.45 in a report issued on Wednesday, BayStreet.CA reports. They currently have a hold rating on the stock.

Else Nutrition Price Performance

Shares of CVE BABY opened at C$1.17 on Wednesday. Else Nutrition has a 1 year low of C$1.06 and a 1 year high of C$4.50. The company has a debt-to-equity ratio of 10.23, a current ratio of 7.00 and a quick ratio of 5.20. The company’s 50-day moving average is C$1.17 and its 200 day moving average is C$1.17. The stock has a market capitalization of C$121.91 million and a P/E ratio of -6.16.

About Else Nutrition

Else Nutrition Holdings Inc focuses on the research, development, manufacturing, marketing, and sale of plant-based food and nutrition products to the infant, toddler, children, and adult markets. It offers baby snacks under the HEART brand; baby feeding accessories, such as feeding bottles and disposable sterile nipples (teats); baby formulas; and nutritional drinks, as well as dried food snacks.