Piper Jaffray Companies Begins Coverage on Charlotte’s Web (OTCMKTS:CWBHF)
Piper Jaffray Companies assumed coverage on shares of Charlotte’s Web (OTCMKTS:CWBHF) in a research report released on Monday morning, BenzingaRatingsTable reports. The firm issued an overweight rating and a $25.00 price objective on the stock.
Separately, Benchmark initiated coverage on Charlotte’s Web in a report on Wednesday, April 24th. They set a buy rating and a $25.00 price objective on the stock.
CWBHF stock opened at $18.73 on Monday. Charlotte’s Web has a 52-week low of $8.13 and a 52-week high of $25.25. The stock’s fifty day simple moving average is $17.46 and its 200-day simple moving average is $16.65.
Charlotte's Web Holdings, Inc produces and distributes hemp-based, cannabidiol wellness products in the United States. It offers products in the categories of tinctures, capsules and topical products. Charlotte's Web Holdings, Inc distributes its products under the Charlotte's Web name through its e-commerce Website, as well as wholesalers, and brick and mortar retailers.
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