Royal Bank of Canada Cuts Freshii (FRII) Price Target to C$3.00

Freshii (TSE:FRII) had its target price decreased by Royal Bank of Canada from C$7.00 to C$3.00 in a research report released on Thursday. Royal Bank of Canada currently has an underperform rating on the stock.

Separately, Canaccord Genuity dropped their price objective on Freshii from C$10.00 to C$9.50 in a research note on Monday, August 13th.

TSE FRII traded down C$0.07 during mid-day trading on Thursday, hitting C$2.58. The stock had a trading volume of 454,815 shares, compared to its average volume of 59,573. Freshii has a 52-week low of C$1.95 and a 52-week high of C$8.00.

About Freshii

Freshii Inc develops, franchises, and operates quick-serve restaurants in Canada, the United States, and internationally. Its restaurants offer salads, bowls, burritos, wraps, soups, juices, smoothies, and frozen yogurt. As of December 31, 2017, the company operated 367 stores operated by franchise partners in 16 countries, as well as 3 company-owned stores located in Canada.

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