uploads///Aurora Cannabis Analysts NTM Recommendations and Targets

Canaccord Genuity Raises Aurora Cannabis’s Price Target

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Sep. 28 2018, Updated 6:31 a.m. ET

Price target bump

On September 25, Canaccord Genuity raised its price target for Aurora Cannabis (ACB) (ACBFF) to 13 Canadian dollars from 11 Canadian dollars. The stock closed almost 4.5% lower at 12.2 Canadian dollars on September 26 but was not far from Canaccord Genuity’s updated price target following the company’s 4Q earnings.

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Consensus target

While Canaccord Genuity raised its price target for Aurora Cannabis, the current consensus price target for the company was at 11 Canadian dollars, which was about 10% lower than the closing price of Aurora Cannabis on September 26. However, month-over-month, the consensus price target was higher than the target price of nine Canadian dollars in August, which indicates a bullish sentiment towards the stock. The overall consensus recommendation for the stock was a “buy” as of September 26.

Peers

The overall consensus (HMMJ) recommendation for Canopy Growth (CGC) (WEED) was also a “buy” on September 26 with an overall price target of 61.5 Canadian dollars. Tilray (TLRY), on the other hand, also had a consensus “buy” recommendation with a price target of 49.3 Canadian dollars. However, Tilray has been highly volatile in recent weeks as a result of heavy speculation. The stock closed at $114, which was almost twice the consensus price target on September 26.

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