Decibel Cannabis (CVE:DB) Stock Rating Upgraded by TD Securities

Decibel Cannabis (CVE:DB) was upgraded by equities researchers at TD Securities from a “hold” rating to a “strong-buy” rating in a report released on Friday,Zacks.com reports.

Separately, TD raised Decibel Cannabis from a “hold” rating to a “buy” rating and upped their price target for the company from C$0.15 to C$0.25 in a report on Friday. One research analyst has rated the stock with a Strong Buy rating and one has issued a Buy rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Strong Buy” and an average price target of C$0.18.

Decibel Cannabis Stock Performance

CVE DB opened at C$0.13 on Friday. The stock has a market capitalization of C$74.99 million, a P/E ratio of -13.00 and a beta of 0.07. Decibel Cannabis has a 1 year low of C$0.06 and a 1 year high of C$0.15. The business’s fifty day moving average is C$0.13 and its two-hundred day moving average is C$0.11.

About Decibel Cannabis

Decibel Cannabis Company Inc, an integrated cannabis company, engages in the cannabis cultivation, processing, and sale of cannabis flower products in Canada. It is also involved in the extraction, processing, and manufacturing vape cartridges, cannabis infused products, cannabis extracts, and glass tube packaging for pre-rolls. In addition, the company engages in the cannabis retail business through operating operational retail locations in Saskatchewan, as well as an e-commerce cannabis platform throughout the Province of Saskatchewan; and operational retail locations in Alberta.