Acreage Holdings (ACRGF) Gets a Buy Rating from MKM Partners
MKM Partners analyst William Kirk maintained a Buy rating on Acreage Holdings (ACRGF) today and set a price target of $5.00. The company’s shares closed last Friday at $2.59, close to its 52-week low of $1.47.
According to TipRanks.com, Kirk is a 1-star analyst with an average return of -4.4% and a 41.8% success rate. Kirk covers the Consumer Goods sector, focusing on stocks such as Craft Brewers Alliance, Constellation Brands, and Brown-Forman B.
Acreage Holdings has an analyst consensus of Strong Buy, with a price target consensus of $6.60, implying a 129.2% upside from current levels. In a report issued on June 19, Canaccord Genuity also maintained a Buy rating on the stock with a $12.00 price target.
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The company has a one-year high of $17.01 and a one-year low of $1.47. Currently, Acreage Holdings has an average volume of 456.6K.
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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.