uploads///Hydropothecary Analysts NTM Recommendation and Target

How Analysts Rate Hydropothecary in August

By

Dec. 4 2020, Updated 10:52 a.m. ET

Hydropothecary’s performance so far

Hydropothecary (HYYDF) has done much better than other cannabis producers (HMMJ) such as Cronos (CRON), Aphria (APHQF), and Aurora Cannabis (ACB) (ACBFF). The stock has returned about 4.9% YTD (year-to-date) as of August 7, and it is one of the few cannabis stocks to be in the positive territory so far this year. Interestingly, more analysts are covering the stock compared to Aurora Cannabis.

Article continues below advertisement

Analysts’ recommendations

The consensus ratings on Hydropothecary remained unchanged from the last month. The overall recommendation for the company was a “buy” over the next-12-month period. Out of the seven analysts in the above chart, two maintained a “strong buy” recommendation on the stock, the same as in July, while five analysts maintained a “buy” on the company for the next 12 months. None of the analysts had a “hold” or “sell” recommendation on the stock.

Price target

While the overall recommendation on Hydropothecary remained largely unchanged, the consensus price target rose to 8.6 Canadian dollars from 7.8 Canadian dollars a month ago. Hydropothecary closed at 3.6 Canadian dollars as of August 7, and the consensus price target represents a 138% upside from the current level. The median price target also rose to 7.8 Canadian dollars from 7.5 a month ago, representing an upside potential of over 108%.

Next, we’ll look at Organigram (OGRMF).

Advertisement

More From Market Realist

  • Angels and Tomboys creators Mallory Iyana and Madison Star
    Miscellaneous
    'Shark Tank' Angels and Tomboys—e-Commerce to Brick-and-Mortar
  • David and Joanna Parker of Yumble
    Miscellaneous
    Meal Subscription Service Yumble Didn’t Tumble After ‘Shark Tank’
  • People looking at data on a laptop
    Miscellaneous
    Best Penny Stocks for Investors to Buy Below $5
  • Amish men and children in a buggy
    Miscellaneous
    Yes, Amish and Mennonite Communities Pay Taxes — Here's How
  • CONNECT with Market Realist
  • Link to Facebook
  • Link to Twitter
  • Link to Instagram
  • Link to Email Subscribe
Market Realist Logo
Do Not Sell My Personal Information

© Copyright 2021 Market Realist. Market Realist is a registered trademark. All Rights Reserved. People may receive compensation for some links to products and services on this website. Offers may be subject to change without notice.