Canaccord Genuity Thinks Acreage Holdings’ Stock is Going to Recover

Canaccord Genuity analyst Matt Bottomley maintained a Buy rating on Acreage Holdings (ACRGF) yesterday and set a price target of $6.00. The company’s shares closed last Friday at $2.59, close to its 52-week low of $1.47.

According to, Bottomley is a 3-star analyst with an average return of 1.1% and a 46.7% success rate. Bottomley covers the Industrial Goods sector, focusing on stocks such as The Supreme Cannabis Company, Harvest Health & Recreation, and Vireo Health International.

Currently, the analyst consensus on Acreage Holdings is a Strong Buy with an average price target of $4.25, a 47.6% upside from current levels. In a report issued on June 26, MKM Partners also maintained a Buy rating on the stock with a $5.00 price target.

See today’s analyst top recommended stocks >>

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 453K.

TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.

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.

Stay Ahead of Everyone Else

Get The Latest Stock News Alerts