Cresco Labs Inc. (OTCMKTS:CRLBF) Receives $2.50 Average PT from Brokerages

Cresco Labs Inc. (OTCMKTS:CRLBF) has earned a consensus recommendation of “Moderate Buy” from the seven research firms that are presently covering the company, Marketbeat reports. Three investment analysts have rated the stock with a hold recommendation, two have assigned a buy recommendation and two have assigned a strong buy recommendation to the company. The average 12-month target price among brokers that have issued ratings on the stock in the last year is $2.50.

CRLBF has been the topic of several research reports. Roth Capital upgraded Cresco Labs to a “strong-buy” rating in a research note on Sunday, November 10th. Cormark lowered shares of Cresco Labs from a “moderate buy” rating to a “hold” rating in a research note on Monday, November 11th. Ventum Cap Mkts upgraded Cresco Labs to a “strong-buy” rating in a report on Friday, August 9th. Finally, Needham & Company LLC restated a “hold” rating on shares of Cresco Labs in a research note on Monday, August 12th.

Cresco Labs Stock Down 2.0 %

Shares of Cresco Labs stock opened at $1.20 on Monday. The company has a quick ratio of 1.39, a current ratio of 1.97 and a debt-to-equity ratio of 1.80. The stock has a 50 day moving average price of $1.55 and a two-hundred day moving average price of $1.67. The stock has a market capitalization of $583.33 million, a P/E ratio of -6.10 and a beta of 1.88. Cresco Labs has a 12-month low of $1.02 and a 12-month high of $2.65.

About Cresco Labs

Cresco Labs Inc, together with its subsidiaries, cultivates, manufactures, and sells retail and medical cannabis products in the United States. It provides cannabis in flowers, vape pens, live resins, disposable pens, and extracts under the Cresco brand; vape carts, vape pens, flower, popcorn, shake, pre-rolls, shorties, and concentrates under the High Supply brand; vapes and gummies under the Good News brand; vapes and edibles under the Wonder Wellness Co brand; and tinctures, capsules, salves, and sublingual oils under the Remedi brand.