MKM Partners analyst William Kirk maintained a Buy rating on Flora Growth (FLGC – Research Report) today and set a price target of $11.50. The company’s shares closed last Monday at $2.20, close to its 52-week low of $2.16.
According to TipRanks.com, Kirk ‘s ranking currently consits of 0 on a 0-5 ranking scale, with an average return of -2.8% and a 41.6% success rate. Kirk covers the Consumer Goods sector, focusing on stocks such as Bj’s Wholesale Club Holdings, Grocery Outlet Holding, and Albertsons Companies.
Currently, the analyst consensus on Flora Growth is a Moderate Buy with an average price target of $10.75.
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Flora Growth Corp is a vertically integrated cannabis company. It is focused on becoming the largest producer of low-cost naturally grown medicinal-grade cannabis oils, CBD-infused foods and beverages, and pharmaceutical-grade medical and cosmetic-grade derivatives from the cannabis plant. It prioritizes organic ingredients and value-chain sustainability across its portfolio to create products that help consumers restore and thrive.
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