Fire & Flower (TSE:FAF) Price Target Lowered to C$4.50 at ATB Capital

Fire & Flower (TSE:FAFGet Rating) had its price objective lowered by ATB Capital from C$7.00 to C$4.50 in a research report released on Wednesday morning, Marketbeat.com reports. ATB Capital currently has a buy rating on the stock.

A number of other research analysts have also recently commented on FAF. Echelon Wealth Partners restated a buy rating and issued a C$5.00 target price on shares of Fire & Flower in a research note on Thursday, June 2nd. Pi Financial lowered their target price on Fire & Flower from C$20.00 to C$5.50 and set a buy rating for the company in a research note on Wednesday.

Fire & Flower Trading Down 4.5 %

FAF opened at C$2.13 on Wednesday. The stock has a market cap of C$96.50 million and a PE ratio of -6.23. The company has a quick ratio of 1.51, a current ratio of 2.05 and a debt-to-equity ratio of 36.65. The business has a 50 day moving average of C$2.41 and a 200-day moving average of C$3.41. Fire & Flower has a 52 week low of C$1.97 and a 52 week high of C$9.20.

Fire & Flower (TSE:FAFGet Rating) last released its earnings results on Tuesday, June 14th. The company reported C($0.27) EPS for the quarter, missing analysts’ consensus estimates of C($0.17) by C($0.10). The firm had revenue of C$40.94 million during the quarter, compared to the consensus estimate of C$42.53 million. Equities research analysts predict that Fire & Flower will post -0.4158572 earnings per share for the current fiscal year.

About Fire & Flower

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Fire & Flower Holdings Corp. operates as an independent cannabis retailer in Canada and the United States. It sells and distributes cannabis products and accessories to the adult-use market through private retailers, as well as under the Fire & Flower, Friendly Stranger, Happy Dayz, and Hotbox retail banners.

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