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Green Thumb Industries Inc. (OTCMKTS:GTBIF) Given Average Rating of “Buy” by

Green Thumb Industries Inc. (OTCMKTS:GTBIFGet Rating) has been given a consensus rating of “Buy” by the thirteen research firms that are covering the company, Marketbeat Ratings reports. Six analysts have rated the stock with a buy rating. The average 12-month price target among brokers that have covered the stock in the last year is $36.22.

Several research analysts have recently issued reports on the stock. Cantor Fitzgerald dropped their target price on shares of Green Thumb Industries from $39.00 to $31.00 and set an “overweight” rating on the stock in a research note on Thursday, August 4th. Seaport Res Ptn restated a “buy” rating on shares of Green Thumb Industries in a report on Friday, July 22nd. Roth Capital reissued a “buy” rating on shares of Green Thumb Industries in a research report on Tuesday, July 19th. Alliance Global Partners cut their price objective on shares of Green Thumb Industries to C$25.00 in a research report on Thursday, August 4th. Finally, Cowen lowered their target price on shares of Green Thumb Industries from $45.00 to $20.00 in a research note on Thursday, August 4th.

Green Thumb Industries Price Performance

Shares of OTCMKTS:GTBIF opened at $10.65 on Friday. The firm has a fifty day moving average price of $11.11 and a two-hundred day moving average price of $12.53. Green Thumb Industries has a one year low of $7.72 and a one year high of $28.90. The company has a market cap of $2.52 billion and a price-to-earnings ratio of 26.63.

Green Thumb Industries (OTCMKTS:GTBIFGet Rating) last posted its quarterly earnings data on Wednesday, August 3rd. The company reported $0.10 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.05 by $0.05. The company had revenue of $254.31 million during the quarter, compared to the consensus estimate of $246.37 million. Green Thumb Industries had a net margin of 9.89% and a return on equity of 6.02%. Equities research analysts expect that Green Thumb Industries will post 0.37 EPS for the current fiscal year.

About Green Thumb Industries

(Get Rating)

Green Thumb Industries Inc engages in manufacture, distribution, and sale of various cannabis products for medical and adult-use in the United States. It offers cannabis flower; and processed and packaged products, including pre-rolls, concentrates, vapes, tinctures, edibles, topicals, and other cannabis-related products under the Beboe, Dogwalkers, Doctor Solomon’s, Good Green, incredibles, and RHYTHM brands.

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Analyst Recommendations for Green Thumb Industries (OTCMKTS:GTBIF)

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat’s editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.

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