MKM Partners Maintains a Hold Rating on HEXO (HEXO)
In a report released today, William Kirk from MKM Partners maintained a Hold rating on HEXO (HEXO), with a price target of C$8.00. The company’s shares closed last Friday at $6.62.
According to TipRanks.com, Kirk is a 2-star analyst with an average return of 1.1% and a 47.7% success rate. Kirk covers the Consumer Goods sector, focusing on stocks such as Bj’s Wholesale Club Holdings, Constellation Brands, and Albertsons Companies.
The word on The Street in general, suggests a Hold analyst consensus rating for HEXO with a $8.73 average price target, implying a 31.1% upside from current levels. In a report issued on May 31, Canaccord Genuity also maintained a Hold rating on the stock with a C$9.00 price target.
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The company has a one-year high of $11.04 and a one-year low of $2.32. Currently, HEXO has an average volume of 3.6M.
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HEXO Corp. engages in the manufacture, production, and distribution of medicinal marijuana. It offers products through the Time of Day, H2, Decarb, and Exlixir No. 1 brands. The company was founded by Sébastien St. Louis and Adam Miron on October 29, 2013 and is headquartered in Gatineau, Canada.
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