Canaccord Genuity Group initiated coverage on shares of TerrAscend (OTCMKTS:TRSSF – Get Rating) in a research note published on Monday morning, The Fly reports. The firm issued a buy rating and a C$4.25 target price on the stock.
A number of other brokerages have also weighed in on TRSSF. Stifel Nicolaus cut their target price on shares of TerrAscend from C$6.00 to C$5.50 in a research note on Friday, August 12th. Craig Hallum lowered shares of TerrAscend from a buy rating to a hold rating and cut their target price for the company from $7.50 to $2.00 in a research note on Friday, August 12th. Cantor Fitzgerald lowered shares of TerrAscend from an overweight rating to a neutral rating in a research note on Friday, August 12th. Cowen dropped their price objective on shares of TerrAscend from $9.00 to $4.50 in a research note on Monday, August 15th. Finally, Seaport Res Ptn reissued a buy rating on shares of TerrAscend in a research note on Friday, July 22nd. Three investment analysts have rated the stock with a hold rating and six have issued a buy rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of Moderate Buy and an average target price of $4.53.
TerrAscend Trading Down 2.0 %
TRSSF stock opened at $1.75 on Monday. The firm’s 50-day moving average price is $2.19 and its two-hundred day moving average price is $3.65. TerrAscend has a 12-month low of $1.62 and a 12-month high of $7.77. The company has a debt-to-equity ratio of 0.36, a quick ratio of 0.59 and a current ratio of 0.98.
TerrAscend Company Profile
TerrAscend Corp. cultivates, processes, and sells medical and adult use cannabis in Canada and the United States. It produces and distributes hemp-derived wellness products to retail locations; and manufactures cannabis infused artisan edibles. The company also operates three retail dispensaries under the Apothecarium brand name in California and Pennsylvania.
- Get a free copy of the StockNews.com research report on TerrAscend (TRSSF)
- Do These Dividend Achievers Deserve A Place In Your Portfolio?
- Darden Restaurants Takes the Low Road Against Inflation
- Why These 3 Stocks Are Off to Hot September Starts
- Inflation Doesn’t Differentiate, But it’s Impact Does
- 3 Downgraded Must-Have Stocks To Put On Your Watchlist
Receive News & Ratings for TerrAscend Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for TerrAscend and related companies with MarketBeat.com's FREE daily email newsletter.