Cronos Group Inc (TSE:CRON) Given Average Rating of “Hold” by Analysts

Share on StockTwits

Cronos Group Inc (TSE:CRON) has been given an average rating of “Hold” by the eight analysts that are presently covering the stock, Marketbeat Ratings reports. Three research analysts have rated the stock with a hold rating and one has given a buy rating to the company. The average twelve-month target price among brokers that have covered the stock in the last year is C$22.63.

Several research firms have recently weighed in on CRON. CIBC lowered their price target on Cronos Group from C$30.00 to C$25.00 in a report on Friday, May 10th. Canaccord Genuity raised Cronos Group from a “sell” rating to a “hold” rating and increased their price target for the company from C$16.00 to C$17.00 in a report on Friday, August 9th. Jefferies Financial Group lowered their price target on Cronos Group from C$17.00 to C$15.00 in a report on Friday, May 3rd. Bank of America raised Cronos Group from an “underperform” rating to a “buy” rating and increased their price target for the company from C$17.00 to C$27.00 in a report on Wednesday, June 5th. Finally, Cormark lowered their price target on Cronos Group from C$25.00 to C$20.00 in a report on Friday, May 10th.

CRON stock opened at C$15.11 on Tuesday. The stock’s 50 day simple moving average is C$18.44 and its 200 day simple moving average is C$22.49. The stock has a market capitalization of $5.08 billion and a PE ratio of 21.25. The company has a current ratio of 1.68, a quick ratio of 1.64 and a debt-to-equity ratio of 0.29. Cronos Group has a 12-month low of C$8.47 and a 12-month high of C$32.95.

About Cronos Group

Cronos Group Inc, formerly known as PharmaCan Capital Corp., is a principal investment firm. The firm seeks to invest in companies either licensed, or actively seeking a license, to produce medical marijuana pursuant to Canada's Marihuana for Medical Purposes Regulations ?MMPR?. The firm typically invests in companies based in Canada.

See Also: How to Use the New Google Finance Tool

Analyst Recommendations for Cronos Group (TSE:CRON)

Receive News & Ratings for Cronos Group Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Cronos Group and related companies with MarketBeat.com's FREE daily email newsletter.



Latest News

Family Management Corp Grows Stake in FedEx Co.
Family Management Corp Grows Stake in FedEx Co.
Blackrock Muniyield Insured Fund Inc.  Stake Lifted by Family Management Corp
Blackrock Muniyield Insured Fund Inc. Stake Lifted by Family Management Corp
Family Management Corp Grows Stock Holdings in iShares Core S&P Small-Cap ETF
Family Management Corp Grows Stock Holdings in iShares Core S&P Small-Cap ETF
Walt Disney Co  Shares Sold by Family Management Corp
Walt Disney Co Shares Sold by Family Management Corp
Family Management Corp Has $2.66 Million Position in SPDR S&P 500 ETF Trust
Family Management Corp Has $2.66 Million Position in SPDR S&P 500 ETF Trust
Pimco Total Return ETF  is Family Management Corp’s 3rd Largest Position
Pimco Total Return ETF is Family Management Corp’s 3rd Largest Position


© 2006-2019 Ticker Report