Aurora Cannabis Inc. (TSE:ACB – Get Free Report)’s stock price rose 5.7% during trading on Friday . The company traded as high as C$0.75 and last traded at C$0.74. Approximately 236,065 shares changed hands during trading, a decline of 73% from the average daily volume of 881,920 shares. The stock had previously closed at C$0.70.
Wall Street Analysts Forecast Growth
ACB has been the topic of a number of recent research reports. Jefferies Financial Group lowered their price target on shares of Aurora Cannabis from C$1.31 to C$0.72 in a research report on Thursday, June 22nd. CIBC lowered their price target on shares of Aurora Cannabis from C$1.75 to C$1.00 in a research report on Friday, June 16th. TD Securities reduced their price objective on shares of Aurora Cannabis from C$1.30 to C$1.00 in a research note on Friday, June 16th. Canaccord Genuity Group reduced their price objective on shares of Aurora Cannabis from C$1.50 to C$0.80 in a research note on Thursday, June 15th. Finally, Cowen reduced their price objective on shares of Aurora Cannabis from C$1.00 to C$0.80 in a research note on Friday. Five research analysts have rated the stock with a hold rating, According to data from MarketBeat.com, Aurora Cannabis has an average rating of “Hold” and an average price target of C$1.38.
View Our Latest Stock Analysis on Aurora Cannabis
Aurora Cannabis Trading Up 5.7 %
Aurora Cannabis (TSE:ACB – Get Free Report) last posted its earnings results on Wednesday, June 14th. The company reported C($0.19) EPS for the quarter, missing the consensus estimate of C($0.05) by C($0.14). The company had revenue of C$64.03 million for the quarter, compared to analyst estimates of C$64.18 million. On average, equities analysts predict that Aurora Cannabis Inc. will post -0.22 earnings per share for the current fiscal year.
Aurora Cannabis Company Profile
Aurora Cannabis Inc, together with its subsidiaries, produces, distributes, and sells cannabis and cannabis-derivative products in Canada and internationally. It operates through three segments: Canadian Cannabis, European Cannabis, and Plant Propagation. The company produces, distributes, and sells medical and consumer cannabis products in Canada.
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