Verano Holdings Corp. (OTCMKTS:VRNOF) Given Average Recommendation of “Buy” by Brokerages

Shares of Verano Holdings Corp. (OTCMKTS:VRNOFGet Rating) have earned an average rating of “Buy” from the eight ratings firms that are covering the company, MarketBeat.com reports. One equities research analyst has rated the stock with a sell rating and seven have given a buy rating to the company. The average 12-month price target among brokers that have issued ratings on the stock in the last year is $30.50.

Several research analysts have issued reports on VRNOF shares. Needham & Company LLC started coverage on Verano in a research note on Wednesday, February 9th. They set a “buy” rating and a $26.00 price objective for the company. Alliance Global Partners started coverage on Verano in a research note on Friday, February 11th. They set a “buy” rating and a $30.00 price objective for the company. Canaccord Genuity Group dropped their price objective on Verano from C$26.00 to C$24.50 and set a “buy” rating for the company in a research note on Thursday, April 28th. Finally, Zacks Investment Research lowered Verano from a “hold” rating to a “sell” rating in a research note on Thursday, May 5th.

Verano stock opened at $7.52 on Friday. The stock has a fifty day moving average price of $8.69 and a two-hundred day moving average price of $10.51. Verano has a 52-week low of $6.77 and a 52-week high of $20.90.

Verano Company Profile (Get Rating)

Verano Holdings Corp. operates as a vertically-integrated multi-state cannabis operator in the United States. It engages in the cultivation, processing, and retail license of cannabis in Illinois, Florida, Arizona, Maryland, Nevada, Ohio, Michigan, Massachusetts, Arkansas, New Jersey, Pennsylvania, and West Virginia.

Further Reading

Analyst Recommendations for Verano (OTCMKTS:VRNOF)

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