Freshii (TSE:FRII) Lifted to “Neutral” at CIBC

Freshii (TSE:FRII) was upgraded by research analysts at CIBC from an “underperform” rating to a “neutral” rating in a research report issued to clients and investors on Thursday, BayStreet.CA reports. The firm currently has a C$2.75 target price on the stock, up from their previous target price of C$2.00. CIBC’s target price would suggest a potential upside of 6.59% from the company’s previous close.

A number of other equities analysts have also recently weighed in on the company. Cowen decreased their price target on Freshii from C$3.00 to C$2.00 in a report on Monday, May 13th. Cormark decreased their price target on Freshii from C$2.75 to C$2.50 in a report on Thursday.

TSE FRII traded down C$0.09 on Thursday, reaching C$2.58. The company had a trading volume of 29,627 shares, compared to its average volume of 48,445. The firm has a market capitalization of $83.15 million and a price-to-earnings ratio of -143.33. Freshii has a 1 year low of C$1.94 and a 1 year high of C$5.09. The firm’s 50-day moving average is C$2.45. The company has a quick ratio of 5.03, a current ratio of 5.22 and a debt-to-equity ratio of 25.76.

Freshii Company Profile

Freshii Inc, together with its subsidiaries, develops, franchises, and operates quick-serve restaurants in Canada, the United States, and internationally. Its restaurants offer salads, bowls, burritos, wraps, soups, juices, smoothies, frozen yogurt, drinks, snacks, breakfast, and products for kids. As of February 21, 2019, the company operated 439 restaurants in 16 countries worldwide.

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