Sundial Growers (NASDAQ:SNDL) Given $16.00 Average Target Price by Analysts

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Sundial Growers (NASDAQ:SNDL) has received an average broker rating score of 1.67 (Buy) from the three brokers that cover the stock, Zacks Investment Research reports. One analyst has rated the stock with a hold rating and two have assigned a strong buy rating to the company.

Brokerages have set a twelve-month consensus price target of $16.00 for the company, according to Zacks. Zacks has also assigned Sundial Growers an industry rank of 63 out of 256 based on the ratings given to related companies.

SNDL has been the topic of several research analyst reports. CIBC initiated coverage on Sundial Growers in a research note on Monday, August 26th. They issued a “neutral” rating and a $11.00 price objective on the stock. BMO Capital Markets upgraded Sundial Growers from a “market perform” rating to an “outperform” rating and set a $12.00 price objective on the stock in a research note on Tuesday, September 10th. Finally, Cowen initiated coverage on Sundial Growers in a research note on Monday, August 26th. They issued an “outperform” rating and a $20.00 price objective on the stock.

Sundial Growers stock traded down $1.02 during trading on Thursday, hitting $7.50. The stock had a trading volume of 362,213 shares, compared to its average volume of 848,950. Sundial Growers has a 1 year low of $6.89 and a 1 year high of $13.22.

Sundial Growers (NASDAQ:SNDL) last posted its quarterly earnings data on Wednesday, August 14th. The company reported ($0.12) EPS for the quarter. The company had revenue of $14.43 million during the quarter.

About Sundial Growers

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.

Further Reading: Growth Stocks

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