BMO Capital Remains a Buy on Groupe Dynamite Inc. (GRGD)

In a report released yesterday, Stephen Macleod from BMO Capital maintained a Buy rating on Groupe Dynamite Inc., with a price target of C$97.00. The company’s shares closed yesterday at C$81.68.

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According to TipRanks, Macleod is a 5-star analyst with an average return of 19.9% and a 63.59% success rate. Macleod covers the Consumer Cyclical sector, focusing on stocks such as Aritzia, Leon’s Furniture, and Gildan Activewear.

In addition to BMO Capital, Groupe Dynamite Inc. also received a Buy from Goldman Sachs’s Brooke Roach in a report issued on December 12. However, on December 10, TR | OpenAI – 4o downgraded Groupe Dynamite Inc. (TSX: GRGD) to a Hold.

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 17 insiders, corporate insider sentiment is neutral on the stock.