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

Stifel Nicolaus analyst Martin Landry maintained a Buy rating on Groupe Dynamite Inc. on March 20 and set a price target of C$102.00. The company’s shares closed last Friday at C$63.80.

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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.

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 62.55% upside from current levels. In a report released on March 19, RBC Capital also maintained a Buy rating on the stock with a C$100.00 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.