TD Securities Trims Colabor Group Inc (TSE:GCL) Target Price to C$1.20

Colabor Group Inc (TSE:GCL) had its target price lowered by equities research analysts at TD Securities from C$1.25 to C$1.20 in a report released on Monday, July 24th. The firm currently has a “hold” rating on the stock. TD Securities’ price objective would suggest a potential upside of 33.33% from the company’s previous close.

Colabor Group (TSE:GCL) traded up 5.88% during midday trading on Monday, reaching $0.90. The company had a trading volume of 148,100 shares. The company has a market cap of $91.90 million and a PE ratio of 33.33. The company’s 50-day moving average is $0.86 and its 200 day moving average is $1.03. Colabor Group has a 52-week low of $0.67 and a 52-week high of $1.53.

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In other Colabor Group news, Director Robert John Briscoe acquired 293,500 shares of the business’s stock in a transaction dated Friday, June 23rd. The stock was bought at an average cost of C$0.89 per share, with a total value of C$261,215.00. Over the last ninety days, insiders bought 406,300 shares of company stock valued at $355,282.

About Colabor Group

Colabor Group Inc, together with its subsidiaries, distributes and markets food, food-related, and non-food products in Canada. It operates through two segments, Distribution and Wholesale. The Distribution segment offers frozen products, dry staples, dairy products, meat, seafood, fruits and vegetables, and disposable and sanitation products.

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