TD Securities Reiterates “C$9.00” Price Target for Aurora Cannabis (TSE:ACB)

Aurora Cannabis (TSE:ACB) has been given a C$9.00 price target by TD Securities in a note issued to investors on Wednesday,BayStreet.CA reports. The brokerage currently has a “buy” rating on the stock. TD Securities’ price target would indicate a potential upside of 46.10% from the company’s previous close.

Aurora Cannabis Stock Down 0.3 %

Shares of ACB traded down C$0.02 during mid-day trading on Wednesday, reaching C$6.16. The company’s stock had a trading volume of 290,705 shares, compared to its average volume of 1,004,979. The business has a fifty day moving average of C$7.04 and a 200 day moving average of C$7.65. The company has a market cap of C$336.71 million, a price-to-earnings ratio of -9.78 and a beta of 2.71. Aurora Cannabis has a 1 year low of C$3.84 and a 1 year high of C$12.85. The company has a quick ratio of 2.48, a current ratio of 3.76 and a debt-to-equity ratio of 16.95.

Insider Activity

In other news, Senior Officer Andre Jerome sold 7,712 shares of the company’s stock in a transaction on Monday, September 23rd. The shares were sold at an average price of C$7.70, for a total value of C$59,382.40.

About Aurora Cannabis

Aurora Cannabis Inc, together with its subsidiaries, engages in the production, distribution, and sale of cannabis and cannabis-derivative products in Canada and internationally. It operates through two segments, Canadian Cannabis and Plant Propagation. The company offers medical and consumer cannabis products; supplies propagated vegetables and ornamental plants; and distributes and sells hemp-derived cannabidiol (CBD) products.