CannTrust (TSE:TRST) had its price target cut by Canaccord Genuity from C$2.50 to C$2.00 in a research note released on Wednesday morning, BayStreet.CA reports. They currently have a hold rating on the stock.
Other analysts have also issued reports about the company. Cormark lowered CannTrust from a buy rating to a market perform rating and set a C$7.00 price target on the stock. in a report on Tuesday, July 9th. Eight Capital cut their price target on CannTrust from C$4.00 to C$2.00 in a report on Wednesday, August 7th. Finally, Bank of America restated a buy rating and issued a C$11.00 price target on shares of CannTrust in a report on Friday, May 24th.
Shares of CannTrust stock opened at C$1.72 on Wednesday. The firm has a market cap of $242.84 million and a price-to-earnings ratio of -14.21. The stock’s 50-day moving average is C$2.53 and its 200-day moving average is C$6.63. CannTrust has a one year low of C$1.50 and a one year high of C$15.50. The company has a debt-to-equity ratio of 8.20, a current ratio of 5.64 and a quick ratio of 1.90.
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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