Desjardins Issues Positive Forecast for Colabor Group (TSE:GCL) Stock Price

Colabor Group (TSE:GCL) had its price objective lifted by Desjardins from C$1.85 to C$2.00 in a research report report published on Thursday morning,BayStreet.CA reports. Desjardins currently has a buy rating on the stock.

Colabor Group Price Performance

GCL stock opened at C$0.93 on Thursday. The company has a market cap of C$91.52 million, a PE ratio of 102.24, a price-to-earnings-growth ratio of 0.61 and a beta of 0.83. The company has a current ratio of 1.62, a quick ratio of 0.76 and a debt-to-equity ratio of 153.61. The stock has a 50-day moving average price of C$0.89 and a two-hundred day moving average price of C$1.08. Colabor Group has a 12-month low of C$0.79 and a 12-month high of C$1.52.

About Colabor Group

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