Stifel Nicolaus Remains a Buy on Groupe Dynamite Inc. (GRGD)
Stifel Nicolaus analyst Martin Landry maintained a Buy rating on Groupe Dynamite Inc. today and set a price target of C$110.00.
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Landry covers the Consumer Cyclical sector, focusing on stocks such as Aritzia, Gildan Activewear, and Alimentation Couche-Tard Inc. According to TipRanks, Landry has an average return of 23.4% and a 59.01% success rate on recommended stocks.
Currently, the analyst consensus on Groupe Dynamite Inc. is a Strong Buy with an average price target of C$108.63.
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.
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- Groupe Dynamite price target raised to C$110 from C$99 at Canaccord
- Groupe Dynamite price target raised to C$105 from C$100 at RBC Capital
- Groupe Dynamite price target raised to C$106 from C$100 at BMO Capital
- Groupe Dynamite price target raised to C$105 from C$100 at TD Securities
- Groupe Dynamite price target raised to C$118 from C$110 at Barclays
