uploads///cannabis _

Aurora Cannabis: Analysts’ Ratings and Target Price in April

By

Updated

Aurora Cannabis

So far in 2019, Aurora Cannabis (ACB) has been one of the best performers in the cannabis sector. The company has a YTD (year-to-date) return of ~80%. In comparison, peer (HMMJ) Canopy Growth (WEED) has risen ~60%. Aphria (APHA) has risen nearly 70% during the same period. The company has positive momentum. Aurora Cannabis’s announcement about adding Nelson Peltz got many investors’ attention. We’ll discuss how analysts view Aurora Cannabis stock in April.

Article continues below advertisement

Analysts’ recommendations

As the above chart shows, the consensus recommendation from the 11 analysts covering the stock remained unchanged month-over-month at a “buy.” Among the 11 analysts, three recommended a “strong buy,” five recommended a “buy,” two recommended a “hold,” and one recommended a “sell.” None of the analysts had a “strong sell” recommendation for Aurora Cannabis.

Target price

The current consensus target price of 13.9 Canadian dollars for Aurora Cannabis was also higher than last month’s consensus target of 13.5 Canadian dollars. The company’s target has risen considerably from ~3.4 Canadian dollars a year ago. Aurora Cannabis closed at 11.9 Canadian dollars on April 8, which would leave an upside of ~16% if analysts are right.

Advertisement

More From Market Realist