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Aurora Cannabis (ACB) Receives a Hold from MKM Partners

In a report released today, William Kirk from MKM Partners reiterated a Hold rating on Aurora Cannabis (ACBResearch Report), with a price target of C$6.50. The company’s shares closed last Thursday at $4.59, close to its 52-week low of $3.71.

According to TipRanks.com, Kirk has 0 stars on 0-5 stars ranking scale with an average return of -4.1% and a 41.1% success rate. Kirk covers the Consumer Goods sector, focusing on stocks such as Bj’s Wholesale Club Holdings, Grocery Outlet Holding, and Constellation Brands.

The word on The Street in general, suggests a Hold analyst consensus rating for Aurora Cannabis with a $5.39 average price target, a 19.5% upside from current levels. In a report released today, Cantor Fitzgerald also maintained a Hold rating on the stock with a C$7.60 price target.

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The company has a one-year high of $18.98 and a one-year low of $3.71. Currently, Aurora Cannabis has an average volume of 5.92M.

Based on the recent corporate insider activity of 9 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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