Shares of TerrAscend Corp. (OTCMKTS:TRSSF – Get Rating) have earned a consensus recommendation of “Moderate Buy” from the nine brokerages that are currently covering the company, MarketBeat reports. Three research analysts have rated the stock with a hold recommendation and four have issued a buy recommendation on the company. The average 1 year target price among analysts that have issued ratings on the stock in the last year is $3.75.
A number of equities analysts have weighed in on TRSSF shares. Cantor Fitzgerald lowered TerrAscend from an “overweight” rating to a “neutral” rating in a research report on Friday, August 12th. Seaport Res Ptn reissued a “buy” rating on shares of TerrAscend in a research report on Friday, July 22nd. Stifel Nicolaus decreased their target price on TerrAscend from C$6.00 to C$5.50 in a research report on Friday, August 12th. Needham & Company LLC reduced their price target on shares of TerrAscend from $4.00 to $3.00 and set a “buy” rating for the company in a research report on Friday, August 12th. Finally, Cowen reduced their price target on shares of TerrAscend from $9.00 to $4.50 in a research report on Monday, August 15th.
TerrAscend Trading Up 0.6 %
TRSSF opened at $1.79 on Thursday. The stock has a 50-day moving average price of $2.20 and a 200-day moving average price of $3.69. The company has a quick ratio of 0.59, a current ratio of 0.98 and a debt-to-equity ratio of 0.36. TerrAscend has a 1 year low of $1.62 and a 1 year high of $7.77.
TerrAscend Corp. cultivates, processes, and sells medical and adult use cannabis in Canada and the United States. It produces and distributes hemp-derived wellness products to retail locations; and manufactures cannabis infused artisan edibles. The company also operates three retail dispensaries under the Apothecarium brand name in California and Pennsylvania.
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