Acreage (OTCMKTS:ACRGF) Lowered to “Hold” at Eight Capital
Eight Capital downgraded shares of Acreage (OTCMKTS:ACRGF) to a hold rating in a report published on Saturday morning, TipRanks reports. They currently have $7.00 target price on the stock.
Several other equities research analysts also recently weighed in on ACRGF. MKM Partners assumed coverage on shares of Acreage in a research note on Friday, September 20th. They issued a buy rating and a $17.00 price target for the company. Alliance Global Partners assumed coverage on shares of Acreage in a research note on Thursday, September 19th. They issued a buy rating and a $15.00 price target for the company. Finally, Cowen assumed coverage on shares of Acreage in a research note on Friday, September 13th. They issued a market perform rating for the company. Two equities research analysts have rated the stock with a hold rating and five have issued a buy rating to the company’s stock. The stock has a consensus rating of Buy and an average target price of $14.25.
ACRGF opened at $5.61 on Friday. Acreage has a 1-year low of $3.84 and a 1-year high of $30.00. The company has a fifty day moving average price of $5.48 and a two-hundred day moving average price of $11.03.
Acreage Holdings, Inc engages in owning and operating cannabis licenses and assets in the U.S. with respect to the number of states with cannabis related licenses. It focuses on the cultivation, processing, and distribution operations. The company was founded by Kevin P. Murphy on July 12, 1989 and is headquartered in New York, NY.
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