In a report released today, Rupesh Parikh from Oppenheimer maintained a Hold rating on Tilray (TLRY). The company’s shares closed last Tuesday at $8.23, close to its 52-week low of $2.43.
According to TipRanks.com, Parikh is a 5-star analyst with an average return of 14.2% and a 60.4% success rate. Parikh covers the Consumer Goods sector, focusing on stocks such as Bj’s Wholesale Club Holdings, The Estée Lauder Companies, and Church & Dwight.
The word on The Street in general, suggests a Hold analyst consensus rating for Tilray with a $8.08 average price target.
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The company has a one-year high of $51.03 and a one-year low of $2.43. Currently, Tilray has an average volume of 14.25M.
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Tilray, Inc. engages in the research, cultivation, production, and distribution of medical cannabis and cannabinoids. The Company is focused on medical cannabis research, cultivation, processing and distribution of cannabis products worldwide. Its products include dried cannabis and cannabis extracts. It also supplies cannabis products to patients in a number of countries spanning five continents through its subsidiaries in Australia, Canada and Germany and it produces medical cannabis in Canada and Europe. The company was founded on January 24, 2018 and is headquartered in Nanaimo, Canada.
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