Shares of Curaleaf Holdings, Inc. (OTCMKTS:CURLF – Get Rating) fell 0.8% during mid-day trading on Monday . The company traded as low as $5.12 and last traded at $5.21. 180,600 shares were traded during mid-day trading, a decline of 70% from the average session volume of 592,959 shares. The stock had previously closed at $5.25.
A number of brokerages have issued reports on CURLF. Cantor Fitzgerald upped their price objective on shares of Curaleaf from $15.50 to $16.50 and gave the stock an “overweight” rating in a research report on Monday, April 25th. Benchmark initiated coverage on shares of Curaleaf in a research report on Friday, February 25th. They set a “buy” rating and a $12.00 target price for the company. Stifel Nicolaus reduced their target price on shares of Curaleaf from C$25.00 to C$24.00 in a research report on Tuesday, May 10th. Needham & Company LLC reduced their target price on shares of Curaleaf from $17.00 to $15.00 and set a “buy” rating for the company in a research report on Friday, March 4th. Finally, Canaccord Genuity Group reduced their target price on shares of Curaleaf from C$15.50 to C$14.50 in a research report on Tuesday, May 10th. Two analysts have rated the stock with a hold rating and nine have issued a buy rating to the company. Based on data from MarketBeat.com, Curaleaf has a consensus rating of “Buy” and an average target price of $18.64.
The company’s 50 day simple moving average is $5.99 and its 200-day simple moving average is $7.08.
Curaleaf Holdings, Inc operates a cannabis operator in the United States. It operates in two segments, Cannabis Operations and Non-Cannabis Operations. The Cannabis Operations segment engages in the production and sale of cannabis through retail and wholesale channels. The Non-Cannabis Operations segment provides professional services, including cultivation, processing, and retail know-how and back-office administration, intellectual property licensing, real estate leasing services, and lending facilities to medical and adult-use cannabis licensees under management service agreements.
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