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

BY MT Newswires | ECONOMIC | 09/24/25 12:11 PM EDT

12:11 PM EDT, 09/24/2025 (MT Newswires) -- National Bank of Canada in a Tuesday note maintained its outperform rating on the shares of Groupe Dynamite (GRGDF) while raising its price target to $66.00 from $55.00.

The bank noted the clothing retailer's shares have "meaningfully outperformed" recently and said it is reviewing its price target following a "strong" 43% stock price appreciation in a short time frame since reporting Q2/F25 results.

The bank also pointed out that "strong" same store sales growth(sssg) track record and growth outlook suggests opportunity remains.

"We believe GRGD's robust share price return reflects a strong sssg track record, superior profitability metrics vs. other apparel retailers as well as significant future growth expectations," said analyst Vishal Shreedhar. "If GRGD can continue to deliver double-digit sssg (supported by its ongoing expansion in the U.S. and real estate high-grading), we believe there is opportunity for further multiple expansion."

Price: 60.32, Change: +1.41, Percent Change: +2.39

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

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