Goldman Sachs Issues a Buy Rating on Groupe Dynamite Inc. (GRGD)

Goldman Sachs analyst Jonathan Keypour assigned a Buy rating to Groupe Dynamite Inc. yesterday and set a price target of C$100.00. The company’s shares closed yesterday at C$75.61.

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According to TipRanks, Keypour is ranked #7670 out of 12068 analysts.

Currently, the analyst consensus on Groupe Dynamite Inc. is a Strong Buy with an average price target of C$104.25, a 37.88% upside from current levels. In a report released yesterday, Barclays also assigned a Buy rating to the stock with a C$118.00 price target.

Based on Groupe Dynamite Inc.’s latest earnings release for the quarter ending October 31, the company reported a quarterly revenue of C$362.97 million and a net profit of C$81.51 million. In comparison, last year the company earned a revenue of C$258.77 million and had a net profit of C$40.44 million

Based on the recent corporate insider activity of 29 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of GRGD in relation to earlier this year.