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.
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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