MedReleaf (TSE:LEAF) had its target price lifted by equities researchers at Canaccord Genuity from C$21.50 to C$30.00 in a research note issued to investors on Wednesday. The firm currently has a “buy” rating on the stock. Canaccord Genuity’s price target would indicate a potential upside of 42.38% from the stock’s current price.

Several other equities research analysts also recently commented on LEAF. Eight Capital boosted their target price on MedReleaf from C$13.00 to C$20.00 and gave the stock a “buy” rating in a report on Wednesday, November 15th. Cowen boosted their target price on MedReleaf from C$20.00 to C$36.00 in a report on Monday, January 8th.

MedReleaf (LEAF) traded up C$1.32 during trading on Wednesday, reaching C$21.07. The company’s stock had a trading volume of 494,494 shares, compared to its average volume of 1,011,142. MedReleaf has a twelve month low of C$6.81 and a twelve month high of C$31.25. The company has a market capitalization of $1,970.00 and a P/E ratio of 1,053.50.

In other news, insider Olam Ltd. Tikun sold 1,000,000 shares of the business’s stock in a transaction on Monday, January 29th. The stock was sold at an average price of C$22.02, for a total value of C$22,020,000.00. Also, insider Stephen Arbib sold 36,600 shares of the business’s stock in a transaction on Friday, February 9th. The stock was sold at an average price of C$18.01, for a total value of C$659,166.00. Insiders sold 1,145,100 shares of company stock worth $25,037,466 over the last three months.

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MedReleaf Company Profile

MedReleaf Corp. produces and sells cannabis-based pharmaceutical products in Canada. It offers dried cannabis, cannabis oils, and cannabis oil capsules; and various accessories, including grinders, vaporizers, and lockable containers. The company was incorporated in 2013 and is headquartered in Markham, Canada.

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