UBS Reaffirms Their Buy Rating on Groupe Dynamite Inc. (GRGD)

In a report released on March 13, Mauricio Serna from UBS maintained a Buy rating on Groupe Dynamite Inc., with a price target of C$115.00. The company’s shares closed last Friday at C$78.27.

Claim 70% Off TipRanks Premium

• Unlock hedge fund-level data and powerful investing tools for smarter, sharper decisions
• Stay ahead of the market with the latest news and analysis and maximize your portfolio's potential

According to TipRanks, Serna is a 3-star analyst with an average return of 2.5% and a 42.73% success rate. Serna covers the Consumer Cyclical sector, focusing on stocks such as Abercrombie Fitch, Wolverine World Wide, and Columbia Sportswear.

The word on The Street in general, suggests a Strong Buy analyst consensus rating for Groupe Dynamite Inc. with a C$103.71 average price target, which is a 32.50% upside from current levels. In a report released on March 6, TipRanks – PerPlexity also reiterated a Buy rating on the stock with a C$104.00 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 28 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.