TD Reiterates “C$3.75” Price Target for Decibel Cannabis (CVE:DB)

TD set a C$3.75 price objective on Decibel Cannabis (CVE:DB) in a report issued on Friday morning,BayStreet reports. The firm currently has a buy rating on the stock.

Separately, TD Securities raised Decibel Cannabis from a “hold” rating to a “strong-buy” rating in a research note on Friday, May 22nd. One research analyst has rated the stock with a Strong Buy rating and one has given a Buy rating to the stock. According to MarketBeat.com, the stock has a consensus rating of “Strong Buy” and an average target price of C$1.93.

Decibel Cannabis Stock Performance

DB opened at C$1.57 on Friday. The stock has a 50-day moving average price of C$0.56 and a 200-day moving average price of C$0.28. Decibel Cannabis has a 12-month low of C$1.35 and a 12-month high of C$2.25. The stock has a market capitalization of C$60.40 million, a P/E ratio of -10.47 and a beta of 0.32.

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.