Decibel Cannabis (CVE:DB) Upgraded to Buy at TD

Decibel Cannabis (CVE:DB) was upgraded by stock analysts at TD from a “hold” rating to a “buy” rating in a report issued on Friday,BayStreet.CA reports. The firm presently has a C$0.25 price target on the stock, up from their prior price target of C$0.15. TD’s price target points to a potential upside of 92.31% from the stock’s current price.

Separately, TD Securities set a C$0.10 price target on shares of Decibel Cannabis and gave the company a “hold” rating in a research note on Tuesday, February 24th. One equities research analyst has rated the stock with a Buy rating and one has issued a Hold rating to the stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of C$0.18.

Decibel Cannabis Price Performance

DB remained flat at C$0.13 during trading on Friday. 541,045 shares of the company traded hands, compared to its average volume of 327,549. The stock has a market capitalization of C$74.99 million, a P/E ratio of -13.00 and a beta of 0.07. Decibel Cannabis has a 1-year low of C$0.06 and a 1-year high of C$0.15. The stock has a 50 day moving average of C$0.13 and a 200-day moving average of C$0.11.

Decibel Cannabis Company Profile

Decibel Cannabis Company Inc, an integrated cannabis company, engages in the cannabis cultivation, processing, and sale of cannabis flower products in Canada. It is also involved in the extraction, processing, and manufacturing vape cartridges, cannabis infused products, cannabis extracts, and glass tube packaging for pre-rolls. In addition, the company engages in the cannabis retail business through operating operational retail locations in Saskatchewan, as well as an e-commerce cannabis platform throughout the Province of Saskatchewan; and operational retail locations in Alberta.