Aurora Cannabis Inc. (TSE:ACB – Get Free Report) shares shot up 12.3% on Friday . The stock traded as high as C$10.31 and last traded at C$10.29. 1,189,600 shares were traded during mid-day trading, a decline of 8% from the average session volume of 1,299,698 shares. The stock had previously closed at C$9.16.
Analyst Upgrades and Downgrades
A number of brokerages have weighed in on ACB. Jefferies Financial Group cut their target price on shares of Aurora Cannabis from C$6.12 to C$4.95 and set a “hold” rating for the company in a research report on Tuesday, February 27th. Canaccord Genuity Group upgraded Aurora Cannabis from a “hold” rating to a “buy” rating and set a C$0.80 target price on the stock in a research report on Friday, February 9th. Finally, CIBC reduced their price target on Aurora Cannabis to C$6.00 and set a “neutral” rating for the company in a research report on Wednesday, February 21st.
Aurora Cannabis Stock Up 0.3 %
Aurora Cannabis (TSE:ACB – Get Free Report) last issued its quarterly earnings data on Thursday, February 8th. The company reported C($0.20) EPS for the quarter, missing the consensus estimate of C($0.10) by C($0.10). The business had revenue of C$72.61 million for the quarter, compared to analysts’ expectations of C$63.50 million. Aurora Cannabis had a negative return on equity of 137.28% and a net margin of 151.71%. Sell-side analysts predict that Aurora Cannabis Inc. will post -0.22 earnings per share for the current fiscal year.
Aurora Cannabis Company Profile
Aurora Cannabis Inc, together with its subsidiaries, produces, distributes, and sells cannabis and cannabis-derivative products in Canada and internationally. It operates through three segments: Canadian Cannabis, European Cannabis, and Plant Propagation. The company produces, distributes, and sells medical and consumer cannabis products in Canada.
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