There’s a lot to be optimistic about in the Materials sector as 2 analysts just weighed in on Auxly Cannabis Group (CBWTF – Research Report) and Peninsula Energy Limited (PENMF – Research Report) with bullish sentiments.
Auxly Cannabis Group (CBWTF)
In a report released yesterday, Frederico Gomes from ATB Capital Markets maintained a Buy rating on Auxly Cannabis Group, with a price target of C$0.25. The company’s shares closed last Tuesday at $0.06.
According to TipRanks.com, Gomes is a 1-star analyst with an average return of
Currently, the analyst consensus on Auxly Cannabis Group is a Moderate Buy with an average price target of $0.13, representing an 114.2% upside. In a report issued on August 15, Raymond James also upgraded the stock to Buy with a C$0.15 price target.
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Peninsula Energy Limited (PENMF)
Canaccord Genuity analyst James Bullen maintained a Buy rating on Peninsula Energy Limited yesterday and set a price target of A$0.40. The company’s shares closed last Tuesday at $0.13.
Bullen has an average return of
According to TipRanks.com, Bullen is ranked #6569 out of 8050 analysts.
The word on The Street in general, suggests a Strong Buy analyst consensus rating for Peninsula Energy Limited with a $0.29 average price target, an 117.5% upside from current levels. In a report released yesterday, Shaw and Partners also maintained a Buy rating on the stock with a A$0.34 price target.
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