Groupe Dynamite Inc. (GRGD) Receives a Buy from UBS
UBS analyst Mauricio Serna reiterated a Buy rating on Groupe Dynamite Inc. today and set a price target of C$115.00.
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 42.34% success rate. Serna covers the Consumer Cyclical sector, focusing on stocks such as Wolverine World Wide, Abercrombie Fitch, and Signet Jewelers.
In addition to UBS, Groupe Dynamite Inc. also received a Buy from TipRanks – OpenAI’s OpenAI Industrials CA in a report issued on March 6. However, on the same day, TipRanks – Anthropic 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 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.
Read More on TSE:GRGD:
Disclaimer & DisclosureReport an Issue
- Groupe Dynamite price target raised to C$100 from C$97 at TD Securities
- Sustained Growth Momentum and Expanding U.S. Presence Support Buy Rating on Groupe Dynamite Inc.
- Groupe Dynamite price target raised to C$100 from C$98 at BMO Capital
- Groupe Dynamite: Distinctive Market Positioning, Capital-Light Growth, and Margin Expansion Support Buy Rating and C$100 Target
- Groupe Dynamite Completes Internal Share Reorganization With Principal Shareholder
