Acreage (OTCMKTS:ACRGF) Receives Buy Rating from Canaccord Genuity
Canaccord Genuity reissued their buy rating on shares of Acreage (OTCMKTS:ACRGF) in a report released on Friday morning, AnalystRatings.com reports. Canaccord Genuity currently has a $12.00 target price on the stock.
Several other equities analysts have also commented on ACRGF. Cantor Fitzgerald reduced their target price on shares of Acreage from $7.00 to $2.30 and set a neutral rating on the stock in a report on Thursday, June 25th. MKM Partners reduced their target price on shares of Acreage from $16.00 to $9.00 and set a buy rating on the stock in a report on Thursday, June 4th. Three analysts have rated the stock with a hold rating and four have given a buy rating to the company. The stock currently has a consensus rating of Buy and an average target price of $10.55.
ACRGF stock opened at $2.59 on Friday. Acreage has a 52 week low of $1.47 and a 52 week high of $16.81. The firm’s fifty day moving average is $2.89 and its 200 day moving average is $3.85.
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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