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Good Natured Products Inc
Symbol GDNP
Shares Issued 241,594,492
Close 2022-11-23 C$ 0.245
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Globe says Good Natured kept at "speculative buy"

2022-11-24 09:38 ET - In the News

The Globe and Mail reports in its Thursday, Nov. 24, edition that Canaccord Genuity analyst Yuri Lynk continues to rank Good Natured Products "speculative buy." The Globe's David Leeder writes in the Eye On Equities column that Mr. Lynk knocked his share target back by 45 cents to 75 cents. Analysts on average target the shares at 84 cents. Mr. Lynk says in a note: "In our view, the stock has been impacted by a slower-than-expected transition of the IPF and Ex-Tech acquisitions to plant-based feedstock and, more importantly, the negative impact rising rates have had on small cap growth companies' valuations. While debt levels and covenants bear watching, we are of the view that Good Natured Products' valuation does not reflect the company's strong organic growth and stable margins." The Globe reported on June 7 that Raymond James analyst Steve Hansen had lowered his recommendation for Good Natured Products to "market perform" from "outperform." The shares could then be had for 42 cents.

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