Verano (OTCMKTS:VRNOF) Price Target Cut to C$23.00

Verano (OTCMKTS:VRNOFGet Rating) had its price target lowered by equities research analysts at Canaccord Genuity Group from C$24.50 to C$23.00 in a report released on Thursday, The Fly reports.

Other research analysts have also recently issued research reports about the stock. Alliance Global Partners initiated coverage on shares of Verano in a report on Friday, February 11th. They issued a “buy” rating and a $30.00 target price for the company. Zacks Investment Research upgraded shares of Verano from a “sell” rating to a “hold” rating in a research note on Wednesday. Finally, Needham & Company LLC initiated coverage on shares of Verano in a research note on Wednesday, February 9th. They set a “buy” rating and a $26.00 price target for the company. One research analyst has rated the stock with a hold rating and seven have given a buy rating to the stock. According to data from MarketBeat.com, Verano has a consensus rating of “Buy” and a consensus target price of $30.29.

Shares of OTCMKTS:VRNOF traded up $0.37 during trading hours on Thursday, reaching $7.55. The stock had a trading volume of 282,942 shares, compared to its average volume of 486,464. The firm’s 50 day moving average is $8.56 and its 200-day moving average is $10.40. Verano has a 1 year low of $6.77 and a 1 year high of $20.23.

About Verano (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.

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