CannTrust Holdings Inc (NYSE:CTST) Given Average Recommendation of “Hold” by Brokerages

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Shares of CannTrust Holdings Inc (NYSE:CTST) have been given an average recommendation of “Hold” by the nine research firms that are covering the company, Marketbeat reports. One investment analyst has rated the stock with a sell recommendation, four have issued a hold recommendation and three have assigned a buy recommendation to the company. The average 12 month price target among brokerages that have issued a report on the stock in the last year is C$8.67.

A number of analysts have weighed in on the company. Bloom Burton cut CannTrust from a “buy” rating to a “hold” rating in a research report on Wednesday, July 10th. Citigroup assumed coverage on CannTrust in a research report on Wednesday, July 3rd. They set a “buy” rating and a $7.00 price objective for the company. Eight Capital cut CannTrust from a “buy” rating to a “neutral” rating in a research report on Monday, July 8th. Roth Capital reaffirmed a “neutral” rating on shares of CannTrust in a research report on Tuesday, July 9th. Finally, Zacks Investment Research cut CannTrust from a “buy” rating to a “hold” rating in a research report on Friday, August 9th.

A number of institutional investors have recently bought and sold shares of CTST. PNC Financial Services Group Inc. purchased a new position in shares of CannTrust during the 1st quarter worth approximately $26,000. Mascoma Wealth Management LLC purchased a new position in shares of CannTrust during the 2nd quarter worth approximately $30,000. Shell Asset Management Co. purchased a new position in shares of CannTrust during the 1st quarter worth approximately $41,000. Patriot Financial Group Insurance Agency LLC purchased a new position in shares of CannTrust during the 2nd quarter worth approximately $47,000. Finally, Paragon Capital Management LLC purchased a new position in shares of CannTrust during the 1st quarter worth approximately $54,000. 6.94% of the stock is owned by institutional investors.

CannTrust stock traded up C$0.12 during mid-day trading on Tuesday, reaching C$2.10. 2,384,500 shares of the company were exchanged, compared to its average volume of 4,945,368. CannTrust has a twelve month low of C$1.87 and a twelve month high of C$11.97. The stock has a 50-day moving average price of C$3.03. The company has a current ratio of 5.64, a quick ratio of 3.38 and a debt-to-equity ratio of 0.01. The stock has a market capitalization of $280.13 million, a price-to-earnings ratio of -19.09 and a beta of 3.42.

CannTrust Company Profile

CannTrust Holdings Inc produces and sells medical and recreational cannabis in Canada. It sells dried cannabis and cannabis extracts to the medical patients. CannTrust Holdings Inc was incorporated in 2015 and is headquartered in Vaughan, Canada.

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Analyst Recommendations for CannTrust (NYSE:CTST)

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