Colabor Group Updates on Cybersecurity Incident and Recovery Efforts

Colabor ( (TSE:GCL) ) has shared an update.

Colabor Group Inc. has provided an update on a recent cybersecurity incident affecting its IT systems. While the incident has been contained and operations are mostly back to normal, the company is still assessing the financial impact. Preliminary findings suggest that some employee personal information may have been compromised, prompting Colabor to offer credit monitoring services to all employees. The company has notified relevant authorities and is continuing its investigation, emphasizing its commitment to stakeholders and resilience in overcoming the challenge.

The most recent analyst rating on (TSE:GCL) stock is a Buy with a C$1.85 price target. To see the full list of analyst forecasts on Colabor stock, see the TSE:GCL Stock Forecast page.

Spark’s Take on TSE:GCL Stock

According to Spark, TipRanks’ AI Analyst, TSE:GCL is a Neutral.

Colabor’s overall stock score reflects its stable financial performance, highlighted by strong cash flow generation but offset by low net profitability and moderate ROE. The technical analysis indicates some bearish sentiment, with the stock trading below key moving averages. Although the valuation appears high, the recent strategic acquisition of Alimplus’s assets is a strong positive, potentially driving future growth and market expansion.

To see Spark’s full report on TSE:GCL stock, click here.

More about Colabor

Colabor is a distributor and wholesaler of food and related products, serving the hotel, restaurant, and institutional markets in Quebec and the Atlantic provinces, as well as the retail market. The company offers specialty food products such as fish, seafood, and meat, along with a range of food and related products through its Broadline activities.

Average Trading Volume: 70,936

Technical Sentiment Signal: Sell

Current Market Cap: C$81.61M

Find detailed analytics on GCL stock on TipRanks’ Stock Analysis page.