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Canaccord Genuity Thinks Freshii Inc’s Stock is Going to Recover


In a latest note to investors, a research analyst has provided a rating update for the Services sector company, Freshii Inc (TSX: FRII). Canaccord Genuity’s analyst Derek Dley reiterates their Buy rating on the shares, with a C$9.50 price target.

Dley noted:

“We are reiterating our BUY rating and lowering our target price to C$9.50 (from C$10.00) following the release of Q2/18 financial results.”

According to TipRanks.com, Dley is ranked #440 out of 4848 analysts.

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The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Freshii Inc with a C$9.50 average price target.

Freshii Inc’s market cap is currently C$176.6M and has a P/E ratio of 0. The company has a Price to Book ratio of 4.28.

Freshii, Inc. owns and operates as quick-service and health-casual restaurants. Its products include a menu of salads, burritos, wraps, rice bowls, yogurts, breakfast and soups made fresh ingredients. It operates through the Franchise Store and Company-Owned Store segments.

The company’s shares closed on Friday at C$5.68, close to its 52-week low of C$5.28.