Pi Financial Lowers Aurora Cannabis (TSE:ACB) to Neutral
Pi Financial lowered shares of Aurora Cannabis (TSE:ACB) from a buy rating to a neutral rating in a report issued on Monday, BayStreet.CA reports. Pi Financial currently has C$2.00 price target on the stock, down from their prior price target of C$6.00.
Other equities analysts have also issued reports about the stock. AltaCorp Capital reissued a sector perform rating on shares of Aurora Cannabis in a research report on Wednesday, December 18th. Jefferies Financial Group lowered shares of Aurora Cannabis from a buy rating to a hold rating and reduced their price target for the stock from C$7.00 to C$3.00 in a research report on Tuesday, December 24th. Stifel Nicolaus reduced their price target on shares of Aurora Cannabis from C$1.75 to C$1.00 in a research report on Friday, February 7th. Canaccord Genuity lowered shares of Aurora Cannabis from a speculative buy rating to a hold rating and reduced their price target for the stock from C$6.00 to C$3.00 in a research report on Friday, February 7th. Finally, Laurentian set a C$4.75 price target on shares of Aurora Cannabis and gave the stock a buy rating in a research report on Tuesday, December 17th. One analyst has rated the stock with a sell rating, seven have assigned a hold rating and five have assigned a buy rating to the stock. The company has an average rating of Hold and a consensus price target of C$6.13.
ACB opened at C$1.96 on Monday. Aurora Cannabis has a 12-month low of C$1.90 and a 12-month high of C$13.67. The company has a current ratio of 1.27, a quick ratio of 0.63 and a debt-to-equity ratio of 17.82. The firm has a market capitalization of $2.53 billion and a PE ratio of -5.36. The firm has a 50 day moving average of C$2.50 and a two-hundred day moving average of C$4.89.
About Aurora Cannabis
Aurora Cannabis Inc produces and distributes medical cannabis products. It is vertically integrated and horizontally diversified across various segments of the cannabis value chain, from facility engineering and design to cannabis breeding, genetics research, production, derivatives, high value-add product development, home cultivation, wholesale, and retail distribution.
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