Sundial Growers (NASDAQ:SNDL) Shares Up 8.1%

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Sundial Growers (NASDAQ:SNDL) shares were up 8.1% during mid-day trading on Wednesday . The stock traded as high as $9.00 and last traded at $8.67, approximately 805,011 shares changed hands during trading. A decline of 14% from the average daily volume of 940,190 shares. The stock had previously closed at $8.02.

A number of equities analysts recently commented on SNDL shares. CIBC started coverage on Sundial Growers in a report on Monday, August 26th. They set a “neutral” rating and a $11.00 target price for the company. Cowen assumed coverage on Sundial Growers in a research report on Monday, August 26th. They issued an “outperform” rating and a $20.00 target price for the company. Finally, BMO Capital Markets upgraded shares of Sundial Growers from a “market perform” rating to an “outperform” rating and set a $12.00 price target on the stock in a research note on Tuesday.

Sundial Growers (NASDAQ:SNDL) last released its earnings results on Wednesday, August 14th. The company reported ($0.12) earnings per share (EPS) for the quarter. The business had revenue of $14.43 million for the quarter.

Sundial Growers Company Profile (NASDAQ:SNDL)

Sundial Growers, Inc produces, distributes, and sells cannabis. It intends to target the premium segment of the adult-use cannabis market. The company was founded by Stanley J. Swiatek and is headquartered in Calgary, Canada.

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