Green Thumb Industries Inc (OTCMKTS:GTBIF) has been given an average recommendation of “Buy” by the seven analysts that are covering the company, Marketbeat.com reports. One research analyst has rated the stock with a hold rating and six have issued a buy rating on the company. The average 1 year target price among brokers that have issued a report on the stock in the last year is $17.13.
GTBIF has been the subject of several analyst reports. Alliance Global Partners restated a “buy” rating on shares of Green Thumb Industries in a report on Thursday, November 21st. Cantor Fitzgerald initiated coverage on Green Thumb Industries in a report on Thursday, February 13th. They issued a “neutral” rating and a $13.00 price objective for the company. LADENBURG THALM/SH SH initiated coverage on Green Thumb Industries in a report on Friday. They issued a “buy” rating for the company. Finally, Echelon Wealth Partners restated a “buy” rating and issued a $24.00 price objective on shares of Green Thumb Industries in a report on Wednesday, January 8th.
Shares of OTCMKTS GTBIF traded down $0.27 during mid-day trading on Friday, hitting $8.58. The company had a trading volume of 187,945 shares, compared to its average volume of 276,874. The firm has a 50-day simple moving average of $9.36 and a two-hundred day simple moving average of $8.99. Green Thumb Industries has a one year low of $7.55 and a one year high of $16.68.
About Green Thumb Industries
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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