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Aurora Cannabis (ACB) Gets a Sell Rating from ATB Capital Markets

In a report released yesterday, Frederico Gomes from ATB Capital Markets maintained a Sell rating on Aurora Cannabis (ACBResearch Report), with a price target of C$4.00. The company’s shares closed last Tuesday at $2.62, close to its 52-week low of $2.39.

According to TipRanks.com, Gomes is a 1-star analyst with an average return of -17.5% and a 37.5% success rate. Gomes covers the Basic Materials sector, focusing on stocks such as Fire & Flower Holdings, Auxly Cannabis Group, and Khiron Life Sciences.

Aurora Cannabis has an analyst consensus of Strong Sell, with a price target consensus of $3.07, implying a 16.3% upside from current levels. In a report issued on May 3, Stifel Nicolaus also maintained a Sell rating on the stock with a C$3.00 price target.

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The company has a one-year high of $10.64 and a one-year low of $2.39. Currently, Aurora Cannabis has an average volume of 7.24M.

Based on the recent corporate insider activity of 12 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of ACB in relation to earlier this year.

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Aurora Cannabis, Inc. engages in the production, distribution and sale of cannabis products. It also produces and sells indoor cultivation systems and hemp related food products. The company was founded by Terry Booth and Steve Dobler on December 21, 2006 and is headquartered in Edmonton, Canada.

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