Zacks Investment Research Downgrades Green Thumb Industries (OTCMKTS:GTBIF) to Sell

Green Thumb Industries (OTCMKTS:GTBIFGet Rating) was downgraded by Zacks Investment Research from a “hold” rating to a “sell” rating in a research report issued to clients and investors on Friday, Zacks.com reports.

GTBIF has been the subject of a number of other research reports. Stifel Nicolaus lowered their price objective on Green Thumb Industries from C$80.00 to C$73.00 in a research report on Wednesday, March 2nd. Alliance Global Partners lowered their price objective on Green Thumb Industries from C$40.00 to C$38.00 in a research report on Thursday, May 5th. Canaccord Genuity Group reduced their target price on Green Thumb Industries from C$46.00 to C$43.00 in a research note on Wednesday, March 2nd. Cantor Fitzgerald reduced their target price on Green Thumb Industries from $54.00 to $41.00 and set an “overweight” rating for the company in a research note on Friday, February 25th. Finally, Echelon Wealth Partners restated a “buy” rating on shares of Green Thumb Industries in a research note on Thursday, May 5th. One investment analyst has rated the stock with a sell rating and nine have given a buy rating to the stock. According to MarketBeat, Green Thumb Industries presently has an average rating of “Buy” and a consensus price target of $48.27.

Green Thumb Industries stock opened at $12.43 on Friday. Green Thumb Industries has a 1-year low of $11.45 and a 1-year high of $35.15. The business has a fifty day moving average price of $16.16 and a 200-day moving average price of $19.02.

Green Thumb Industries Company Profile (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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