Shares of Green Thumb Industries Inc (OTCMKTS:GTBIF) have been assigned a consensus recommendation of “Buy” from the six research firms that are currently covering the company, Marketbeat Ratings reports. Six research analysts have rated the stock with a buy rating. The average 1-year price target among brokers that have issued a report on the stock in the last year is $15.88.
A number of brokerages have recently issued reports on GTBIF. Cowen assumed coverage on Green Thumb Industries in a research note on Friday, September 13th. They set an “outperform” rating and a $18.50 price objective on the stock. Alliance Global Partners restated a “buy” rating on shares of Green Thumb Industries in a report on Thursday, November 21st. Finally, Piper Jaffray Companies initiated coverage on shares of Green Thumb Industries in a report on Monday, August 12th. They set an “overweight” rating and a $13.00 target price on the stock.
OTCMKTS GTBIF traded down $0.52 during trading hours on Tuesday, hitting $8.78. 192,954 shares of the company traded hands, compared to its average volume of 251,433. The business’s 50-day moving average is $8.88 and its 200-day moving average is $9.69. Green Thumb Industries has a twelve month low of $7.37 and a twelve month high of $16.68.
Green Thumb Industries Inc manufactures and sells various cannabis products in the United States. The company's cannabis products include flower, concentrates for dabbing and vaporizing, edibles, and topical. It owns and operates a chain of retail cannabis stores under the RISE name. The company markets its products through third party retailers.
Further Reading: What is FinTech?
Receive News & Ratings for Green Thumb Industries Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Green Thumb Industries and related companies with MarketBeat.com's FREE daily email newsletter.