Green Thumb Industries (OTCMKTS:GTBIF) Price Target Cut to C$25.00

Green Thumb Industries (OTCMKTS:GTBIF – Get Rating) had its price objective cut by equities research analysts at Alliance Global Partners to C$25.00 in a research note issued to investors on Thursday, The Fly reports.

Other equities analysts have also issued reports about the company. Cowen cut their target price on Green Thumb Industries from $45.00 to $20.00 in a report on Thursday. Needham & Company LLC cut their target price on Green Thumb Industries from $33.00 to $26.00 in a report on Thursday, May 5th. Seaport Res Ptn reaffirmed a “buy” rating on shares of Green Thumb Industries in a research report on Friday, July 22nd. Craig Hallum lowered their price target on Green Thumb Industries from $35.00 to $25.00 in a research report on Thursday, May 5th. Finally, Roth Capital reaffirmed a “buy” rating on shares of Green Thumb Industries in a research report on Tuesday, July 19th. Ten investment analysts have rated the stock with a buy rating, Based on data from MarketBeat, Green Thumb Industries has a consensus rating of “Buy” and an average price target of $41.64.

Green Thumb Industries Stock Up 6.4 %

GTBIF opened at $10.00 on Thursday. The stock has a fifty day moving average of $9.61 and a 200-day moving average of $14.28. The firm has a market capitalization of $2.35 billion and a P/E ratio of 25.00. Green Thumb Industries has a 12-month low of $7.72 and a 12-month high of $33.35.

Green Thumb Industries (OTCMKTS:GTBIF – Get Rating) last posted its earnings results on Wednesday, May 4th. The company reported $0.12 earnings per share for the quarter, beating the consensus estimate of $0.09 by $0.03. Green Thumb Industries had a return on equity of 6.13% and a net margin of 9.89%. The company had revenue of $242.60 million for the quarter, compared to analyst estimates of $231.20 million. On average, analysts expect that Green Thumb Industries will post 0.32 earnings per share for the current fiscal year.

About Green Thumb Industries

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Green Thumb Industries Inc engages in manufacture, distribution, and sale of various cannabis products for medical and adult-use in the United States. It offers cannabis flower; and processed and packaged products, including pre-rolls, concentrates, vapes, tinctures, edibles, topicals, and other cannabis-related products under the Beboe, Dogwalkers, Doctor Solomon's, Good Green, incredibles, and RHYTHM brands.

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