Oppenheimer Assigns a Hold Rating on OrganiGram Holdings (OGI)

In a report released today, Rupesh Parikh from Oppenheimer assigned a Hold rating to OrganiGram Holdings (OGI). The company’s shares closed last Tuesday at $1.40, close to its 52-week low of $1.09.

According to TipRanks.com, Parikh is a 5-star analyst with an average return of 14.3% and a 62.7% success rate. Parikh covers the Consumer Goods sector, focusing on stocks such as Bj’s Wholesale Club Holdings, The Estée Lauder Companies, and Albertsons Companies.

Currently, the analyst consensus on OrganiGram Holdings is a Moderate Buy with an average price target of $3.08.

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The company has a one-year high of $6.39 and a one-year low of $1.09. Currently, OrganiGram Holdings has an average volume of 5.68M.

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OrganiGram Holdings, Inc. engages in the production and sale of medical marijuana. Its products include strains, cannabis oils, and vaporizrs. The company was founded on July 5, 2010 and is headquartered in Moncton, Canada.

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