Groupe Dynamite Inc. (GRGD) Receives a Rating Update from a Top Analyst

RBC Capital analyst Irene Nattel maintained a Buy rating on Groupe Dynamite Inc. yesterday and set a price target of C$100.00. The company’s shares closed yesterday at C$67.50.

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

Nattel covers the Consumer Defensive sector, focusing on stocks such as Empire Co Cl A NV, Maple Leaf Foods, and Saputo Inc.. According to TipRanks, Nattel has an average return of 17.3% and a 68.27% success rate on recommended stocks.

Groupe Dynamite Inc. has an analyst consensus of Strong Buy, with a price target consensus of C$103.71, which is a 53.64% upside from current levels. In a report released on March 18, UBS also reiterated a Buy rating on the stock with a C$115.00 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.