Canaccord Genuity analyst Matt Bottomley maintained a Buy rating on Acreage Holdings (ACRGF) on April 3 and set a price target of $12.00. The company’s shares closed last Friday at $1.69, close to its 52-week low of $1.48.
According to TipRanks.com, Bottomley is a 1-star analyst with an average return of -2.2% and a 41.2% success rate. Bottomley covers the Healthcare sector, focusing on stocks such as Harvest Health & Recreation, Green Thumb Industries, and MedMen Enterprises.
The word on The Street in general, suggests a Strong Buy analyst consensus rating for Acreage Holdings with a $10.06 average price target.
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The company has a one-year high of $30.00 and a one-year low of $1.48. Currently, Acreage Holdings has an average volume of 337.8K.
Based on the recent corporate insider activity of 16 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of ACRGF in relation to earlier this year.
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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.
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