Green Thumb Industries Inc (OTCMKTS:GTBIF) has received an average recommendation of “Buy” from the six analysts that are presently covering the firm, MarketBeat reports. Six research analysts have rated the stock with a buy recommendation. The average 12-month target price among brokerages that have issued ratings on the stock in the last year is $15.88.
Several research firms recently issued reports on GTBIF. Cowen began coverage on shares of Green Thumb Industries in a research note on Friday, September 13th. They issued an “outperform” rating and a $18.50 price objective for the company. Alliance Global Partners began coverage on shares of Green Thumb Industries in a research note on Thursday, September 19th. They issued a “buy” rating for the company. Finally, Piper Jaffray Companies began coverage on shares of Green Thumb Industries in a research note on Monday, August 12th. They issued an “overweight” rating and a $13.00 price objective for the company.
Shares of GTBIF stock traded down $0.27 on Monday, hitting $8.99. The company’s stock had a trading volume of 140,309 shares, compared to its average volume of 255,359. Green Thumb Industries has a fifty-two week low of $7.37 and a fifty-two week high of $17.17. The firm’s fifty day moving average price is $9.32 and its 200-day moving average price is $10.87.
Green Thumb Industries Inc manufactures and sells various cannabis products in the United States. The company's cannabis products include flower, concentrates for dabbing and vaporizing, edibles, and topical. It owns and operates a chain of retail cannabis stores under the RISE name. The company markets its products through third party retailers.
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