Green Thumb Industries (OTCMKTS:GTBIF) Stock Rating Lowered by Zacks Investment Research

Zacks Investment Research downgraded shares of Green Thumb Industries (OTCMKTS:GTBIFGet Rating) from a hold rating to a sell rating in a report released on Friday morning, Zacks.com reports.

GTBIF has been the topic of a number of other reports. Canaccord Genuity Group decreased their price target on Green Thumb Industries from C$46.00 to C$43.00 in a research report on Wednesday, March 2nd. Craig Hallum decreased their price target on Green Thumb Industries from $35.00 to $25.00 in a research report on Thursday. Alliance Global Partners reduced their price objective on Green Thumb Industries from C$40.00 to C$38.00 in a report on Thursday. Wolfe Research assumed coverage on Green Thumb Industries in a report on Friday, January 7th. They set an outperform rating on the stock. Finally, Stifel Nicolaus reduced their price objective on Green Thumb Industries from C$80.00 to C$73.00 in a report on Wednesday, March 2nd. One equities research analyst has rated the stock with a sell rating and nine have assigned a buy rating to the company. According to data from MarketBeat.com, Green Thumb Industries has a consensus rating of Buy and an average target price of $48.27.

Shares of GTBIF stock traded up $1.18 during trading hours on Friday, hitting $13.13. The company had a trading volume of 630,484 shares, compared to its average volume of 293,821. Green Thumb Industries has a 12 month low of $11.52 and a 12 month high of $35.15. The firm’s fifty day moving average is $16.53 and its 200 day moving average is $19.27.

About Green Thumb Industries (Get Rating)

Green Thumb Industries Inc engages in manufacture, distribution, and sale of various cannabis products for medical and adult-use in the United States. It offers cannabis flower; and processed and packaged products, including pre-rolls, concentrates, vapes, tinctures, edibles, topicals, and other cannabis-related products under the Beboe, Dogwalkers, Doctor Solomon's, Good Green, incredibles, and RHYTHM brands.

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