Alliance Global Partners initiated coverage on shares of Acreage (OTCMKTS:ACRGF) in a research note published on Thursday, Briefing.com Automated Import reports. The firm issued a buy rating and a $15.00 price target on the stock.
A number of other brokerages also recently commented on ACRGF. Compass Point started coverage on shares of Acreage in a research report on Monday, June 10th. They set a buy rating for the company. LADENBURG THALM/SH SH started coverage on shares of Acreage in a research report on Wednesday, July 17th. They set a buy rating and a $18.00 price objective for the company. Finally, Cowen started coverage on shares of Acreage in a research report on Friday, September 13th. They set a market perform rating for the company. One analyst has rated the stock with a hold rating and five have assigned a buy rating to the company. The stock has an average rating of Buy and a consensus price target of $16.67.
Shares of Acreage stock opened at $8.56 on Thursday. Acreage has a one year low of $7.05 and a one year high of $30.00. The firm has a fifty day moving average of $9.36 and a two-hundred day moving average of $16.25.
Acreage Holdings, Inc engages in owning and operating cannabis licenses and assets in the U.S. with respect to the number of states with cannabis related licenses. It focuses on the cultivation, processing, and distribution operations. The company was founded by Kevin P. Murphy on July 12, 1989 and is headquartered in New York, NY.
Further Reading: Are sell-side analysts objective?
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