Cowen Begins Coverage on Acreage (OTCMKTS:ACRGF)
Cowen initiated coverage on shares of Acreage (OTCMKTS:ACRGF) in a research note issued to investors on Friday morning, Briefing.com Automated Import reports. The firm issued a market perform rating on the stock.
Several other analysts have also recently commented on ACRGF. LADENBURG THALM/SH SH initiated coverage on shares of Acreage in a research report on Wednesday, July 17th. They set a buy rating and a $18.00 target price for the company. Compass Point initiated coverage on shares of Acreage in a research report on Monday, June 10th. They set a buy rating for the company.
Shares of Acreage stock opened at $8.33 on Friday. The firm has a fifty day moving average of $9.75 and a two-hundred day moving average of $16.47. Acreage has a 52 week low of $7.05 and a 52 week high of $30.00.
Acreage Holdings, Inc engages in owning and operating cannabis licenses and assets in the U.S. with respect to the number of states with cannabis related licenses. It focuses on the cultivation, processing, and distribution operations. The company was founded by Kevin P. Murphy on July 12, 1989 and is headquartered in New York, NY.
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