Glass House Brands (NYSE:GLAS) Rating Lowered to “Hold” at Zacks Research

Glass House Brands (NYSE:GLAS) was downgraded by research analysts at Zacks Research from a “strong-buy” rating to a “hold” rating in a research note issued to investors on Thursday,Zacks.com reports.

A number of other research firms have also recently commented on GLAS. Lake Street Capital began coverage on shares of Glass House Brands in a research note on Monday, July 13th. They issued a “buy” rating and a $17.00 target price for the company. Canaccord Genuity Group set a $15.00 price target on shares of Glass House Brands in a research note on Friday, August 14th. Weiss Ratings began coverage on shares of Glass House Brands in a report on Wednesday, July 1st. They issued a “sell (d+)” rating for the company. Finally, Wall Street Zen upgraded shares of Glass House Brands to a “sell” rating in a research note on Sunday, July 12th. One analyst has rated the stock with a Buy rating, one has issued a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat, the company currently has an average rating of “Hold” and a consensus target price of $16.00.

Glass House Brands Stock Performance

Shares of NYSE GLAS opened at $9.85 on Thursday. Glass House Brands has a fifty-two week low of $5.15 and a fifty-two week high of $13.93.

About Glass House Brands

Glass House Brands Inc is a vertically integrated cannabis company focused on the cultivation, manufacturing, and distribution of cannabis products in California. The company operates greenhouse and processing facilities and serves both the medical and adult-use cannabis markets through its branded product portfolio and wholesale channels.

Its business includes growing cannabis, producing finished goods, and selling flower, pre-rolls, and other cannabis products under its own brands as well as through third-party partnerships.