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Green Thumb Industries: Analysts’ Views in April

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Apr. 12 2019, Published 8:19 a.m. ET

Green Thumb Industries

So far, Green Thumb Industries (GTBIF) (GTII) has experienced weakness in April. The stock has fallen nearly 7% in April. The company is among a few US consumer goods cannabis companies that sell cannabis through retail chain cannabis stores in states where it’s legal. The US is a tricky market. Green Thumb and companies including Canopy Growth (WEED), Aurora Cannabis (ACB), and Tilray (TLRY) must tread with caution when dealing in the US market (HMMJ).

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Analysts’ ratings

Among the six analysts tracking Green Thumb Industries, the current consensus recommendation was a “buy.” Among the six analysts, only one recommended a “strong buy,” while five recommended a “buy.” Compared to March, the ratings were largely unchanged. None of the analysts had a “hold” or “sell” recommendation on the stock. Analysts remained bullish on the stock for the next 12 month. Since only six analysts have coverage on the stock, investors should take the recommendations cautiously.

Target price

The current consensus target price on Green Thumb was 27.5 Canadian dollars, which increased slightly from 26.2 Canadian dollars in March. If the current price of 18.7 Canadian dollars converged with analysts’ target over the next 12 months, it would yield a 47% return.

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