Cormark Increases Indigo Books & Music Inc. (IDG.TO) (TSE:IDG) Price Target to C$6.30

Indigo Books & Music Inc. (IDG.TO) (TSE:IDG) had its price target hoisted by equities researchers at Cormark from C$3.90 to C$6.30 in a report issued on Monday, BayStreet.CA reports. Cormark’s price objective suggests a potential upside of 32.35% from the stock’s current price. Cormark also issued estimates for Indigo Books & Music Inc. (IDG.TO)’s FY2023 earnings at $0.02 EPS.

TSE:IDG opened at C$4.76 on Monday. The company has a current ratio of 1.21, a quick ratio of 0.64 and a debt-to-equity ratio of 912.59. The company has a market capitalization of C$129.82 million and a P/E ratio of -0.69. Indigo Books & Music Inc. has a 12 month low of C$0.82 and a 12 month high of C$5.25. The business’s 50-day moving average is C$3.29 and its 200 day moving average is C$2.42.

Indigo Books & Music Inc. (IDG.TO) (TSE:IDG) last issued its quarterly earnings data on Thursday, February 4th. The company reported C$1.09 earnings per share (EPS) for the quarter. The company had revenue of C$365.43 million for the quarter. On average, research analysts forecast that Indigo Books & Music Inc. will post -0.62 earnings per share for the current year.

Indigo Books & Music Inc. (IDG.TO) Company Profile

Indigo Books & Music Inc, together with its subsidiaries, operates as a book, gift, and specialty toy retailer in Canada and the United States. The company also offers toy, baby, wellness, home, fashion, paper, and electronics products. As of September 26, 2020, it operated 88 superstores under the Chapters and Indigo banners; 94 small format stores under the Coles, Indigospirit, and The Book Company banners; and one store in Short Hills, New Jersey.

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