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Groupe Dynamite Outperform Rating Confirmed and Target Raised at National Bank of Canada

BY MT Newswires | ECONOMIC | 07/07/25 01:37 PM EDT

01:37 PM EDT, 07/07/2025 (MT Newswires) -- National Bank of Canada over the weekend maintained its outperform rating on the shares of Groupe Dynamite (GRGDF) while raising its price target to $32 from $25.

The bank said it is reviewing its price target for the clothing retailer following a "strong" 35% stock price appreciation since June 17.

The bank compared key financial metrics of GRGD vs. industry peers, specifically Aritzia (ATZ.TO) in the note and stated that it believes GRGD has strong metrics which could support a favorable re-rating, provided they continue to execute well.

"We believe that GRGD could ultimately trade at a multiple closer to Aritzia, which trades at 14.3x NTM EV/EBITDA (IFRS-adjusted)," said the bank, noting that GRGD trades at 9.2 times which would imply a share price upside of near 60%.

Price: 27.20, Change: +0.71, Percent Change: +2.68

MT Newswires does not provide investment advice. Unauthorized reproduction is strictly prohibited.

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