Trulieve Cannabis Corp. (OTCMKTS:TCNNF – Get Rating)’s share price was down 0.6% during mid-day trading on Friday . The stock traded as low as $11.00 and last traded at $11.26. Approximately 133,096 shares changed hands during mid-day trading, a decline of 60% from the average daily volume of 329,644 shares. The stock had previously closed at $11.33.
Analyst Upgrades and Downgrades
Several equities research analysts recently issued reports on TCNNF shares. Canaccord Genuity Group reduced their price objective on Trulieve Cannabis from C$65.00 to C$57.00 and set a “buy” rating for the company in a research note on Friday, August 12th. Cantor Fitzgerald reduced their price objective on Trulieve Cannabis from $57.00 to $54.00 and set an “overweight” rating for the company in a research note on Thursday, August 11th. Craig Hallum reduced their price objective on Trulieve Cannabis from $40.00 to $32.00 in a research note on Thursday, August 11th. Stifel Nicolaus dropped their target price on Trulieve Cannabis from C$40.00 to C$36.50 in a research report on Thursday, August 11th. Finally, Cowen dropped their target price on Trulieve Cannabis from $65.00 to $24.00 in a research report on Thursday, August 11th. Five analysts have rated the stock with a buy rating, According to MarketBeat.com, the stock presently has an average rating of “Buy” and a consensus target price of $42.93.
Trulieve Cannabis Price Performance
The firm has a 50-day simple moving average of $11.69 and a two-hundred day simple moving average of $13.40.
About Trulieve Cannabis
Trulieve Cannabis Corp., together with its subsidiaries, operates as a medical cannabis company. It cultivates and produces products in-house and distributes its products to Trulieve branded stores (dispensaries) in Florida, as well as through home delivery. The company produces flower, edible, vaporizer cartridge, concentrate, topical, capsule, tincture, dissolvable powder, and nasal spray products under the Avenue, Cultivar Collection, Muse, Modern Flower, Alchemy, Momenta, Sweet Talk, Co2lors, Loveli, and Roll One brands.
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