National Bank lowered its price target on the shares of Groupe Dynamite to $91.00, from $102.00 and maintained its outperform rating, after the clothing retailer's quarterly results.
First-quarter results were ahead of National Bank estimates on same-store sales growth, revenue, EBITDA and earnings per share, writes analyst Vishal Shreedhar. "While sssg is slowing, this was mostly anticipated" he says, describing the 36% plunge in Groupe Dynamite's share price on Tuesday as "unwarranted".
"We maintain a favourable disposition on GRGD; investment in GRGD is differentiated by strong financial metrics, with an EBITDA margin and ROIC that are the highest in our coverage universe (F2025 EBITDA margin of 36.5% and ROIC of 70.3%; these metrics continue to improve further)."
Price: $51.90, Change: $+4.16, Percent Change: +8.71%