Canaccord Genuity Sticks to Their Hold Rating for Aurora Cannabis

Canaccord Genuity Sticks to Their Hold Rating for Aurora Cannabis

May 19, 2020


Canaccord Genuity analyst Matt Bottomley maintained a Hold rating on Aurora Cannabis (NYSE:ACB) on Tuesday, setting a price target of C$24, which is approximately 114.29% above the present share price of $11.2.

Bottomley expects Aurora Cannabis to post earnings per share (EPS) of $0.00 for the second quarter of 2020.

The current consensus among 15 TipRanks analysts is for a Hold rating of shares in Aurora Cannabis, with an average price target of $10.6.
The analysts price targets range from a high of $18 to a low of $4.45.

In its latest earnings report, released on 03/31/2020, the company reported a quarterly revenue of $75.52 million and a net profit of -$82.27 million. The company's market cap is $1.87 billion.

According to TipRanks.com, Canaccord Genuity analyst Matt Bottomley is a 3-star analyst with an average return of 1.3% and a 46.4% success rate.

Aurora Cannabis, Inc. engages in the production, distribution and sale of cannabis products. It also produces and sells indoor cultivation systems and hemp related food products. The company was founded by Terry Booth and Steve Dobler on December 21, 2006 and is headquartered in Edmonton, Canada.

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