Echelon Wealth Partners analyst Andrew Semple reiterated a Buy rating on High Tide (HITI – Research Report) today and set a price target of C$10.00. The company’s shares opened today at $1.39.
Semple covers the Basic Materials sector, focusing on stocks such as MariMed, Verano Holdings, and Green Thumb Industries. According to TipRanks, Semple has an average return of -11.9% and a 18.89% success rate on recommended stocks.
The word on The Street in general, suggests a Moderate Buy analyst consensus rating for High Tide with a $7.44 average price target.
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HITI market cap is currently $95.13M and has a P/E ratio of -1.81.
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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 announces purchases of shares by insiders
- Cantor cannabis/financial service analyst holds analyst/industry conference call
- 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
