Colabor Group Stock Rating Lowered by National Bank Financial (GCL)
Colabor Group (TSE:GCL) was downgraded by equities research analysts at National Bank Financial from an “outperform” rating to a “sector perform” rating in a research note issued to investors on Wednesday, American Banking and Market News reports.
A number of other firms have also recently commented on GCL. Analysts at NBF downgraded shares of Colabor Group to a “sector perform” rating in a research note to investors on Wednesday. Separately, analysts at TD Securities raised their price target on shares of Colabor Group from C$4.00 to C$4.50 in a research note to investors on Tuesday, October 15th. Finally, analysts at Desjardins raised their price target on shares of Colabor Group from C$4.25 to C$4.75 in a research note to investors on Tuesday, October 15th. They now have a “hold” rating on the stock. Three analysts have rated the stock with a hold rating and one has issued a buy rating to the company’s stock. The stock has an average rating of “Hold” and an average target price of C$5.58.
Shares of Colabor Group (TSE:GCL) traded down 5.64% during mid-day trading on Wednesday, hitting $5.19. 88,980 shares of the company’s stock traded hands. Colabor Group has a 52 week low of $3.03 and a 52 week high of $8.63. The stock’s 50-day moving average is $3.73 and its 200-day moving average is $6.36. The company’s market cap is $140.6 million.
Colabor Group Inc (TSE:GCL) distributes and markets food and food-related products in Canada.
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