Shares of Verano Holdings Corp. (OTCMKTS:VRNOF – Get Rating) have been assigned a consensus rating of “Buy” from the seven research firms that are presently covering the company, Marketbeat Ratings reports. Six research analysts have rated the stock with a buy recommendation. The average 12-month price objective among brokerages that have issued ratings on the stock in the last year is $30.29.
Separately, Canaccord Genuity Group lowered their target price on Verano from C$24.50 to C$23.00 in a research report on Thursday, May 26th.
OTCMKTS:VRNOF opened at $6.85 on Thursday. Verano has a 12-month low of $6.54 and a 12-month high of $18.78. The stock has a 50-day moving average price of $7.70 and a 200 day moving average price of $9.71.
Verano Holdings Corp. operates as a vertically integrated multi-state cannabis operator in the United States. It engages in the cultivation, processing, wholesale, and retail distribution of cannabis in Arizona, Arkansas, California, Connecticut, Florida, Illinois, Maryland, Massachusetts, Michigan, Missouri, Nevada, New Jersey, Ohio, Pennsylvania, and West Virginia.
Further Reading
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