Decibel Cannabis (CVE:DB) Stock Rating Upgraded by TD Securities

Decibel Cannabis (CVE:DB) was upgraded by stock analysts at TD Securities from a “hold” rating to a “strong-buy” rating in a research note issued to investors on Friday,Zacks.com reports.

Separately, TD upgraded shares of Decibel Cannabis from a “hold” rating to a “buy” rating and boosted their price target for the company from C$0.15 to C$0.25 in a report on Friday. One equities research analyst has rated the stock with a Strong Buy rating and one has issued a Buy rating to the company. Based on data from MarketBeat, the stock has an average rating of “Strong Buy” and an average price target of C$0.18.

Decibel Cannabis Price Performance

Shares of CVE:DB opened at C$0.13 on Friday. The company’s fifty day moving average is C$0.13 and its two-hundred day moving average is C$0.11. Decibel Cannabis has a 12-month low of C$0.06 and a 12-month high of C$0.15. The company has a market cap of C$74.99 million, a P/E ratio of -13.00 and a beta of 0.07.

About Decibel Cannabis

Decibel Cannabis Company Inc, an integrated cannabis company, engages in the cannabis cultivation, processing, and sale of cannabis flower products in Canada. It is also involved in the extraction, processing, and manufacturing vape cartridges, cannabis infused products, cannabis extracts, and glass tube packaging for pre-rolls. In addition, the company engages in the cannabis retail business through operating operational retail locations in Saskatchewan, as well as an e-commerce cannabis platform throughout the Province of Saskatchewan; and operational retail locations in Alberta.