Decibel Cannabis (CVE:DB) Given a C$3.75 Price Target at TD

Decibel Cannabis (CVE:DB) received a C$3.75 price target from analysts at TD in a report issued on Friday, BayStreet reports. The brokerage presently has a “buy” rating on the stock. TD’s price target would indicate a potential upside of 134.37% from the stock’s current price.

Separately, TD Securities raised shares of Decibel Cannabis from a “hold” rating to a “strong-buy” rating in a research note on Friday, May 22nd. One investment analyst has rated the stock with a Strong Buy rating and one has assigned a Buy rating to the stock. Based on data from MarketBeat, Decibel Cannabis currently has a consensus rating of “Strong Buy” and a consensus price target of C$1.93.

Decibel Cannabis Stock Performance

Decibel Cannabis stock remained flat at C$1.60 during midday trading on Friday. 6,917 shares of the company’s stock were exchanged, compared to its average volume of 19,026. The stock has a fifty day moving average price of C$0.53 and a two-hundred day moving average price of C$0.27. The firm has a market cap of C$61.55 million, a price-to-earnings ratio of -10.67 and a beta of 0.32. Decibel Cannabis has a 52-week low of C$1.35 and a 52-week high of C$2.25.

About Decibel Cannabis

Decibel Cannabis Company Inc, an integrated cannabis company, engages in the cannabis cultivation, processing, and sale of cannabis flower products in Canada. It is also involved in the extraction, processing, and manufacturing vape cartridges, cannabis infused products, cannabis extracts, and glass tube packaging for pre-rolls. In addition, the company engages in the cannabis retail business through operating operational retail locations in Saskatchewan, as well as an e-commerce cannabis platform throughout the Province of Saskatchewan; and operational retail locations in Alberta.