Decibel Cannabis (CVE:DB) Upgraded to “Buy” at TD

TD upgraded shares of Decibel Cannabis (CVE:DB) from a hold rating to a buy rating in a research note published on Friday,BayStreet.CA reports. They currently have C$0.25 price objective on the stock, up from their previous price objective of C$0.15.

Separately, TD Securities set a C$0.10 price target on Decibel Cannabis and gave the company a “hold” rating in a research note on Tuesday, February 24th. One research analyst has rated the stock with a Buy rating and one has given a Hold rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of C$0.18.

Decibel Cannabis Stock Performance

CVE DB opened at C$0.13 on Friday. The stock has a market capitalization of C$74.99 million, a price-to-earnings ratio of -13.00 and a beta of 0.07. The stock’s 50 day moving average price is C$0.13 and its two-hundred day moving average price is C$0.11. Decibel Cannabis has a 52 week low of C$0.06 and a 52 week high of C$0.15.

About Decibel Cannabis

Decibel Cannabis Company Inc, an integrated cannabis company, engages in the cannabis cultivation, processing, and sale of cannabis flower products in Canada. It is also involved in the extraction, processing, and manufacturing vape cartridges, cannabis infused products, cannabis extracts, and glass tube packaging for pre-rolls. In addition, the company engages in the cannabis retail business through operating operational retail locations in Saskatchewan, as well as an e-commerce cannabis platform throughout the Province of Saskatchewan; and operational retail locations in Alberta.