Tilray Brands (TSE:TLRY) Given a C$13.00 Price Target by Canaccord Genuity Group Analysts

Tilray Brands (TSE:TLRY) has been given a C$13.00 price target by Canaccord Genuity Group in a research note issued on Tuesday,BayStreet.CA reports. The firm presently has a “hold” rating on the stock. Canaccord Genuity Group’s price target suggests a potential upside of 21.95% from the company’s previous close.

Separately, Sanford C. Bernstein raised their target price on Tilray Brands from C$13.00 to C$13.60 in a report on Friday, December 19th. One equities research analyst has rated the stock with a Hold rating, According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average target price of C$13.30.

Tilray Brands Stock Down 6.7%

TLRY opened at C$10.66 on Tuesday. The company has a debt-to-equity ratio of 10.76, a current ratio of 2.54 and a quick ratio of 2.16. The business has a 50 day simple moving average of C$12.99 and a 200-day simple moving average of C$15.19. The stock has a market capitalization of C$1.24 billion, a P/E ratio of -0.45 and a beta of 3.46. Tilray Brands has a 12 month low of C$4.90 and a 12 month high of C$32.30.

About Tilray Brands

Tilray Brands, Inc (‘Tilray’) (Nasdaq: TLRY; TSX: TLRY), is a global lifestyle and consumer packaged goods company at the forefront of beverage, cannabis and wellness industries with operations in Canada, the United States, Europe, Australia, and Latin America that is leading as a transformative force at the nexus of cannabis, beverage, wellness, and entertainment, elevating lives through moments of connection. Tilray’s mission is to be a leading premium lifestyle company with a house of brands and innovative products that inspire joy, wellness and create memorable experiences.