MKM Partners analyst William Kirk maintained a Buy rating on Cronos Group (CRON) today and set a price target of C$11.00. The company’s shares closed last Wednesday at $6.98.
According to TipRanks.com, Kirk ‘s ranking currently consits of 0 on a 0-5 ranking scale, with an average return of -4.4% and a 39.7% success rate. Kirk covers the Consumer Goods sector, focusing on stocks such as Bj’s Wholesale Club Holdings, Craft Brewers Alliance, and Grocery Outlet Holding.
The word on The Street in general, suggests a Hold analyst consensus rating for Cronos Group with a $7.09 average price target.
See today’s analyst top recommended stocks >>
Cronos Group’s market cap is currently $2.43B and has a P/E ratio of 2.60. The company has a Price to Book ratio of 1.52.
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.
Cronos Group, Inc. engages in the production and sale of cannabis in federally legal jurisdictions, including Canada and Germany. Its portfolio includes Peace Naturals, Original BC (OGBC) and Whistler Medical Marijuana Company (WMMC). The company was founded by Lorne Michael Gertner and Paul Rosen on August 21, 2012 and is headquartered in Toronto, Canada.
