Colabor Group Inc (GCL) Given “Hold” Rating at TD Securities
Colabor Group Inc (TSE:GCL)‘s stock had its “hold” rating reiterated by equities research analysts at TD Securities in a report released on Monday. They presently have a C$1.00 price target on the stock. TD Securities’ target price points to a potential upside of 26.58% from the company’s previous close.
Separately, Desjardins cut their price objective on shares of Colabor Group from C$1.50 to C$1.20 in a research report on Thursday, July 21st.
Colabor Group (TSE:GCL) traded up 2.44% during midday trading on Monday, hitting $0.84. 170,844 shares of the company traded hands. Colabor Group has a 12-month low of $0.67 and a 12-month high of $1.16. The stock’s 50-day moving average price is $0.78 and its 200 day moving average price is $0.87. The company’s market capitalization is $23.08 million.
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About Colabor Group
Colabor Group Inc distributes and markets food and food-related products in Canada. The Company serves foodservice and retail markets. The Company operates through two segments: Distribution and Wholesale. The Distribution Segment includes operating activities, such as Summit Foodservice, which is a distributor and master food wholesaler; Skor Cash & Carry Division, which operates over five Cash & Carry locations in southern Ontario and offers over 12,000 retail and food service products; Colabor Food Distributor, which is a distributor to foodservice and retail customers; Les Pecheries Norref Quebec Inc, which is a fresh fish and seafood products importer and distributor in the province of Quebec, and Lauzon Meats is a distributor of Cargill beef brands.
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