Colabor Group (TSE:GCL) was upgraded by investment analysts at Scotiabank from a “sector perform” rating to an “outperform” rating in a note issued to investors on Thursday, Analyst Ratings Network reports. The firm currently has a C$7.00 price objective on the stock. Scotiabank’s price target would indicate a potential upside of 91.78% from the stock’s previous close.
Shares of Colabor Group (TSE: GCL) traded up 8.16% during mid-day trading on Thursday, hitting $4.11. Colabor Group has a one year low of $3.03 and a one year high of $8.82. The stock’s 50-day moving average is currently $3.55. The company has a market cap of $111.3 million and a P/E ratio of 126.67.
A number of other firms have also recently commented on GCL. Analysts at TD Securities downgraded shares of Colabor Group from a “hold” rating to a “reduce” rating in a research note to investors on Thursday, May 2nd. They now have a C$3.00 price target on the stock, down previously from C$7.00. Separately, analysts at National Bank Financial cut their price target on shares of Colabor Group from C$8.50 to C$7.25 in a research note to investors on Thursday, May 2nd. Finally, analysts at Desjardins downgraded shares of Colabor Group from a “hold” rating to a “sell” rating in a research note to investors on Thursday, May 2nd. They now have a C$4.00 price target on the stock, down previously from C$7.50.
Colabor Group Inc (TSE: GCL) distributes and markets food and food-related products in Canada.