Verano (OTCMKTS:VRNOF) Upgraded to Hold by Zacks Investment Research

Verano (OTCMKTS:VRNOFGet Rating) was upgraded by Zacks Investment Research from a “sell” rating to a “hold” rating in a report released on Wednesday, Zacks.com reports.

Other research analysts also recently issued reports about the company. Alliance Global Partners started coverage on Verano in a research note on Friday, February 11th. They issued a “buy” rating and a $30.00 price objective for the company. Canaccord Genuity Group reduced 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, Needham & Company LLC started coverage on Verano in a research note on Wednesday, February 9th. They issued a “buy” rating and a $26.00 price objective for the company. One equities research analyst has rated the stock with a hold rating and seven have given a buy rating to the company. According to MarketBeat.com, the company presently has an average rating of “Buy” and an average target price of $30.50.

Shares of OTCMKTS:VRNOF traded down $0.32 during midday trading on Wednesday, reaching $7.18. 203,056 shares of the company’s stock traded hands, compared to its average volume of 488,521. Verano has a 1 year low of $6.77 and a 1 year high of $20.36. The company has a fifty day simple moving average of $8.61 and a two-hundred day simple moving average of $10.43.

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

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Analyst Recommendations for Verano (OTCMKTS:VRNOF)

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