Colabor Group Inc (TSE:GCL) had its price objective dropped by TD Securities from C$1.20 to C$0.70 in a report released on Friday. The firm currently has a “hold” rating on the stock. TD Securities’ price objective would suggest a potential downside of 1.41% from the company’s current price.

Shares of Colabor Group (GCL) traded up 2.90% during midday trading on Friday, hitting $0.71. The stock had a trading volume of 732,098 shares. Colabor Group has a one year low of $0.66 and a one year high of $1.53. The firm’s 50-day moving average is $0.90 and its 200 day moving average is $0.92. The company has a market capitalization of $72.50 million and a PE ratio of 26.30.

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In related news, Director Robert John Briscoe purchased 35,000 shares of Colabor Group stock in a transaction that occurred on Tuesday, July 25th. The stock was purchased at an average cost of C$0.82 per share, with a total value of C$28,700.00. Insiders have purchased 111,300 shares of company stock valued at $92,792 over the last three months.

About Colabor Group

Colabor Group Inc is a Canada-based distributor of food and food-related products. 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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