Shares of HEXO Corp. (TSE:HEXO) have been assigned a consensus recommendation of “Hold” from the eight research firms that are presently covering the firm, Marketbeat Ratings reports. One equities research analyst has rated the stock with a sell recommendation and three have issued a hold recommendation on the company. The average twelve-month price objective among brokers that have updated their coverage on the stock in the last year is C$2.35.
A number of analysts have commented on HEXO shares. BMO Capital Markets reaffirmed a “market perform” rating and set a C$2.00 target price on shares of HEXO in a report on Monday, November 1st. CIBC dropped their price target on shares of HEXO from C$2.00 to C$0.80 and set an “underperform” rating for the company in a research report on Thursday, December 16th. ATB Capital dropped their price target on shares of HEXO from C$1.50 to C$0.80 in a research report on Thursday, December 16th. dropped their price target on shares of HEXO from C$2.00 to C$1.00 in a research report on Thursday, December 16th. Finally, Jefferies Financial Group dropped their price target on shares of HEXO from C$1.35 to C$0.67 and set a “hold” rating for the company in a research report on Thursday, January 27th.
Shares of HEXO traded down C$0.03 during mid-day trading on Friday, hitting C$0.77. 2,952,183 shares of the company traded hands, compared to its average volume of 2,743,202. The company has a debt-to-equity ratio of 38.33, a quick ratio of 0.28 and a current ratio of 1.02. The stock has a 50-day moving average price of C$0.86 and a two-hundred day moving average price of C$2.07. HEXO has a 1 year low of C$0.58 and a 1 year high of C$10.59. The stock has a market cap of C$311.99 million and a price-to-earnings ratio of -0.54.
About HEXO
HEXO Corp., through its subsidiaries, produces, markets, and sells cannabis in Canada. It offers dried cannabis under the Time of Day and H2 lines; Elixir, a cannabis oil sublingual mist product line; and Decarb, an activated fine-milled cannabis powder product. The company offers its adult-use and medical products under the HEXO brand name.