Aurora Cannabis Inc. (TSE:ACB) Given Average Recommendation of “Hold” by Analysts

Aurora Cannabis Inc. (TSE:ACBGet Rating) has been assigned a consensus rating of “Hold” from the eleven ratings firms that are covering the company, MarketBeat Ratings reports. Two research analysts have rated the stock with a sell recommendation and five have assigned a hold recommendation to the company. The average 1-year target price among brokers that have issued a report on the stock in the last year is C$4.04.

A number of equities research analysts have weighed in on ACB shares. Cowen reduced their target price on shares of Aurora Cannabis from C$7.00 to C$4.00 in a report on Monday, May 16th. Stifel Nicolaus raised shares of Aurora Cannabis from a “sell” rating to a “hold” rating and reduced their target price for the stock from C$2.50 to C$2.15 in a report on Monday, June 6th. Piper Sandler reduced their target price on shares of Aurora Cannabis from C$7.00 to C$4.00 and set a “hold” rating on the stock in a report on Friday, May 13th. MKM Partners reissued a “hold” rating and set a C$3.00 target price (down from C$6.50) on shares of Aurora Cannabis in a report on Friday, May 13th. Finally, Cowen reduced their target price on shares of Aurora Cannabis to C$4.00 in a report on Monday, May 16th.

ACB opened at C$1.71 on Friday. Aurora Cannabis has a fifty-two week low of C$1.56 and a fifty-two week high of C$11.78. The company has a debt-to-equity ratio of 35.61, a current ratio of 5.85 and a quick ratio of 3.95. The firm has a market capitalization of C$509.15 million and a price-to-earnings ratio of -0.28. The company’s 50 day moving average price is C$3.22 and its two-hundred day moving average price is C$4.94.

Aurora Cannabis Company Profile (Get Rating)

Aurora Cannabis Inc produces, distributes, and sells cannabis and cannabis derivative products in Canada and internationally. It also engages in facility engineering and design, cannabis breeding, research, production, derivatives, product development, wholesale, and retail distribution activities. The company produces various strains of dried cannabis, cannabis oil and capsules, and topical kits for medical patients.

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Analyst Recommendations for Aurora Cannabis (TSE:ACB)

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