MedReleaf (LEAF) PT Raised to C$30.00

MedReleaf (TSE:LEAF) had its price target upped by Canaccord Genuity from C$21.50 to C$30.00 in a research note issued on Wednesday. The brokerage presently has a “buy” rating on the stock. Canaccord Genuity’s price target would suggest a potential upside of 41.91% from the stock’s current price.

Several other analysts also recently commented on the company. Cowen increased their price objective on MedReleaf from C$20.00 to C$36.00 in a research note on Monday, January 8th. Eight Capital increased their price objective on MedReleaf from C$13.00 to C$20.00 and gave the stock a “buy” rating in a research note on Wednesday, November 15th.

Shares of MedReleaf (TSE LEAF) traded up C$1.39 during trading on Wednesday, hitting C$21.14. The stock had a trading volume of 649,906 shares, compared to its average volume of 1,013,119. The stock has a market capitalization of $1,970.00 and a P/E ratio of 1,053.50. MedReleaf has a 12-month low of C$6.81 and a 12-month high of C$31.25.

In related news, insider Stephen Arbib sold 50,600 shares of the stock in a transaction that occurred on Tuesday, February 6th. The stock was sold at an average price of C$18.00, for a total transaction of C$910,800.00. Also, insider Olam Ltd. Tikun sold 28,600 shares of the stock in a transaction that occurred on Thursday, January 25th. The shares were sold at an average price of C$25.00, for a total value of C$715,000.00. Over the last three months, insiders sold 1,145,100 shares of company stock valued at $25,037,466.

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MedReleaf Company Profile

MedReleaf Corp. produces and sells cannabis-based pharmaceutical products in Canada. It offers dried cannabis, cannabis oils, and cannabis oil capsules; and various accessories, including grinders, vaporizers, and lockable containers. The company was incorporated in 2013 and is headquartered in Markham, Canada.

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