Canaccord Genuity Group Lowers Ayr Wellness (OTCMKTS:AYRWF) Price Target to C$40.00

Ayr Wellness (OTCMKTS:AYRWFGet Rating) had its target price cut by investment analysts at Canaccord Genuity Group from C$57.00 to C$40.00 in a research note issued on Friday, The Fly reports. The brokerage presently has a “buy” rating on the stock.

A number of other research firms also recently commented on AYRWF. reduced their target price on Ayr Wellness from C$70.00 to C$62.00 and set a “buy” rating on the stock in a report on Tuesday, November 23rd. Needham & Company LLC reduced their target price on Ayr Wellness from $28.00 to $21.00 and set a “buy” rating on the stock in a report on Friday. Finally, Cantor Fitzgerald dropped their price target on Ayr Wellness from $17.50 to $13.30 and set a “neutral” rating on the stock in a research report on Friday. One equities research analyst has rated the stock with a hold rating and five have given a buy rating to the stock. Based on data from MarketBeat.com, Ayr Wellness presently has a consensus rating of “Buy” and an average target price of $48.55.

AYRWF traded down $0.17 on Friday, reaching $11.61. The company’s stock had a trading volume of 184,003 shares, compared to its average volume of 143,178. Ayr Wellness has a 1 year low of $11.06 and a 1 year high of $36.52. The business’s 50 day moving average is $14.27 and its 200 day moving average is $18.00.

Ayr Wellness (OTCMKTS:AYRWFGet Rating) last released its earnings results on Thursday, March 17th. The company reported $0.35 EPS for the quarter, topping analysts’ consensus estimates of ($0.22) by $0.57. As a group, equities research analysts forecast that Ayr Wellness will post -1 earnings per share for the current fiscal year.

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About Ayr Wellness (Get Rating)

Ayr Wellness Inc, a vertically-integrated cannabis multi-state operator, cultivates, extracts, manufactures, distributes, and retails cannabis products and branded cannabis packaged goods. The company’s cannabis and cannabis products include concentrates, edibles, and vaporizer products. It also provides administrative, consulting, and operations support services to licensed cannabis companies.

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