Stifel Nicolaus Trims Aurora Cannabis (TSE:ACB) Target Price to C$1.75

Aurora Cannabis (TSE:ACBGet Rating) had its price target reduced by Stifel Nicolaus from C$2.15 to C$1.75 in a research report report published on Thursday, BayStreet.CA reports.

A number of other research analysts have also recently issued reports on the stock. Cowen lifted their target price on shares of Aurora Cannabis from C$1.85 to C$2.00 in a research note on Tuesday, July 19th. Cowen boosted their price objective on shares of Aurora Cannabis from C$1.85 to C$2.00 in a research report on Tuesday, July 19th. Canaccord Genuity Group upgraded shares of Aurora Cannabis from a sell rating to a hold rating and dropped their price objective for the stock from C$2.50 to C$2.00 in a research report on Wednesday. Piper Sandler dropped their price objective on shares of Aurora Cannabis to C$4.00 and set a neutral rating for the company in a research report on Wednesday. Finally, ATB Capital upgraded shares of Aurora Cannabis from an underperform rating to a sector perform rating and boosted their price objective for the stock from C$3.00 to C$4.00 in a research report on Thursday. Nine analysts have rated the stock with a hold rating, According to data from MarketBeat.com, the stock presently has a consensus rating of Hold and an average price target of C$3.53.

Aurora Cannabis Stock Performance

TSE:ACB opened at C$1.66 on Thursday. Aurora Cannabis has a 1 year low of C$1.56 and a 1 year high of C$10.87. The firm has a 50 day moving average of C$1.97 and a 200-day moving average of C$2.84. The company has a current ratio of 5.85, a quick ratio of 3.95 and a debt-to-equity ratio of 35.61. The stock has a market capitalization of C$494.30 million and a P/E ratio of -0.27.

About Aurora Cannabis

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Aurora Cannabis Inc produces, distributes, and sells cannabis and cannabis derivative products in Canada and internationally. It also engages in facility engineering and design, cannabis breeding, research, production, derivatives, product development, wholesale, and retail distribution activities. The company produces various strains of dried cannabis, cannabis oil and capsules, and topical kits for medical patients.

Further Reading

Analyst Recommendations for Aurora Cannabis (TSE:ACB)

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