Hexo (TSE:HEXO) PT Lowered to C$7.50 at CIBC

Hexo (TSE:HEXO) had its price target decreased by research analysts at CIBC from C$8.50 to C$7.50 in a report issued on Friday, BayStreet.CA reports.

The stock has a market cap of $1.46 billion and a P/E ratio of -28.20. The company has a debt-to-equity ratio of 7.80, a current ratio of 5.62 and a quick ratio of 4.05. Hexo has a 1 year low of C$4.11 and a 1 year high of C$11.29. The firm’s 50-day moving average price is C$5.96.

Hexo Company Profile

HEXO Corp., through its subsidiary, HEXO Operations Inc, produces, markets, and sells cannabis in Canada. The company offers dried cannabis under the Time of Day and H2 lines; Elixir, a cannabis oil sublingual mist product line; and Decarb, an activated fine-milled cannabis powder product. It provides its products under the HEXO and Hydropothecary brand names.

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Analyst Recommendations for Hexo (TSE:HEXO)

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