Fire & Flower (TSE:FAF) Coverage Initiated by Analysts at Stifel Nicolaus

Equities research analysts at Stifel Nicolaus initiated coverage on shares of Fire & Flower (TSE:FAF) in a research report issued on Monday, TipRanks reports. The firm set a “buy” rating and a C$1.85 price target on the stock. Stifel Nicolaus’ price target indicates a potential upside of 105.56% from the stock’s previous close.

Separately, Atb Cap Markets restated an “outperform” rating on shares of Fire & Flower in a report on Friday, July 23rd.

FAF remained flat at $C$0.90 during midday trading on Monday. 160,457 shares of the company’s stock traded hands, compared to its average volume of 910,024. Fire & Flower has a 12-month low of C$0.71 and a 12-month high of C$1.50. The company has a quick ratio of 1.20, a current ratio of 1.78 and a debt-to-equity ratio of 57.61. The stock has a market cap of C$309.03 million and a P/E ratio of -1.48. The stock’s 50 day simple moving average is C$0.95 and its 200 day simple moving average is C$1.06.

Fire & Flower (TSE:FAF) last posted its earnings results on Tuesday, June 15th. The company reported C($0.01) EPS for the quarter, hitting the consensus estimate of C($0.01). The business had revenue of C$44.08 million for the quarter, compared to the consensus estimate of C$44.60 million. Sell-side analysts forecast that Fire & Flower will post 0.01 EPS for the current fiscal year.

About Fire & Flower

Fire & Flower Holdings Corp., through its subsidiary, Fire & Flower Inc, operates as an independent retailer that offers cannabis products and accessories through its retail locations located in the provinces of Alberta, Saskatchewan, Manitoba, Ontario, and Yukon. It also engages in the wholesale of regulated cannabis products and accessories in Saskatchewan; and operates Hifyre digital retail and analytics of regulated cannabis e-commerce platform.

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