Greenspace Brands (CVE:JTR) Downgraded by Raymond James to “Outperform”

Greenspace Brands (CVE:JTR) was downgraded by analysts at Raymond James from a “strong-buy” rating to an “outperform” rating in a report issued on Monday, February 25th. They presently have a C$0.75 target price on the stock, down from their previous target price of C$1.00. Raymond James’ price target would indicate a potential upside of 257.14% from the stock’s current price.

Separately, Cormark cut their price objective on shares of Greenspace Brands from C$1.85 to C$1.25 in a research note on Friday, November 16th.

CVE:JTR traded down C$0.01 during midday trading on Monday, reaching C$0.21. 42,900 shares of the stock traded hands, compared to its average volume of 280,001. Greenspace Brands has a 12-month low of C$0.20 and a 12-month high of C$1.35. The company has a quick ratio of 0.54, a current ratio of 0.96 and a debt-to-equity ratio of 50.60. The stock has a market capitalization of $15.83 million and a price-to-earnings ratio of -1.22.

Greenspace Brands Company Profile

GreenSpace Brands Inc develops, markets, and sells organic and natural food products to consumers in Canada. It provides beef and pork products under Life Choices brand; grass fed dairy, such as milk, yogurt, butter, and kefir under the Rolling Meadow brand; Kiwi Pure, a grass-fed butter; snacks under the Central Roast brand; and organic juices and drinks under the Kiju brand.

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