In a report released today, Andrew Semple from Echelon Wealth Partners reiterated a Buy rating on High Tide (HITI – Research Report), with a price target of C$10.00. The company’s shares closed today at $1.13.
According to TipRanks, Semple is an analyst with an average return of -12.6% and a 17.98% success rate. Semple covers the Basic Materials sector, focusing on stocks such as MariMed, Green Thumb Industries, and Cresco Labs.
The word on The Street in general, suggests a Moderate Buy analyst consensus rating for High Tide with a $8.71 average price target.
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The company has a one-year high of $5.10 and a one-year low of $1.03. Currently, High Tide has an average volume of 197.7K.
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High Tide, Inc. operates as a counterculture chain, which engages in the manufacture and retail of cannabis accessories. The firm operates through the Wholesale and Retail business segments. Its brands include: Famous Brandz, RGR, Smoker’s Corner, Canna Cabana, KushBar, and Kush West. The company was founded by Harkirat Grover in 2009 and is headquartered in Calgary, Canada.
Read More on HITI:
- High Tide Reports Second Consecutive Quarter of Record Revenue and Adjusted EBITDA; $118 Million and $5.5 Million, Respectively
- High Tide reports Q1 basic EPS (C$0.05) vs. (C$0.14) last year
- Agra Ventures appoints Kuzyk as permanent CEO, director
- High Tide CFO Rahim Kanji to depart, Sergio Patino to succeed
- High Tide Releases Audited 2022 Financial Results Featuring Record Fourth Quarter Revenue of $108.2 Million and Record Adjusted EBITDA of $5.0 Million
