Analysts Raise Price Targets for CannTrust
On September 11, CannTrust Holdings (CNTTF) received a favorable report from Canaccord Genuity, which raised the company’s price target from 13 Canadian dollars to 14.5 Canadian dollars. This price target was almost 57% higher than the stock’s closing price of 9.2 Canadian dollars on the day. The overall consensus recommendation for CannTrust is a “buy,” which was unchanged from last month. In the current month, three analysts maintained a “strong buy” recommendation on the stock, while five analysts had a “buy” recommendation on the company.