Acreage (OTCMKTS:ACRGF) was downgraded by Eight Capital to a “hold” rating in a research report issued on Saturday, TipRanks reports. They currently have a $7.00 price objective on the stock. Eight Capital’s target price would indicate a potential upside of 24.84% from the stock’s current price.
Other equities analysts also recently issued reports about the stock. MKM Partners initiated coverage on shares of Acreage in a report on Friday, September 20th. They set a “buy” rating and a $17.00 target price on the stock. Cowen initiated coverage on shares of Acreage in a report on Friday, September 13th. They set a “market perform” rating on the stock. Finally, Alliance Global Partners initiated coverage on shares of Acreage in a report on Thursday, September 19th. They set a “buy” rating and a $15.00 target price on the stock. Two equities research analysts have rated the stock with a hold rating and five have issued a buy rating to the company’s stock. Acreage currently has an average rating of “Buy” and a consensus target price of $14.25.
ACRGF traded up $0.36 during trading on Friday, reaching $5.61. 178,091 shares of the stock were exchanged, compared to its average volume of 221,704. Acreage has a twelve month low of $3.84 and a twelve month high of $30.00. The stock’s 50 day moving average price is $5.51 and its two-hundred day moving average price is $11.24.
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.
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